Buy on a level breakthrough of 1.3185 with 1.3285 target. Stop loss = 1.3135.
Reason for the trading strategy
According to Baker Hughes, the number of oil rigs in the US increased from 14 units to 371 units last week. The WTI crude oil prices won back this information by declining to around 44 dollars per barrel. Currently, the Loonie is under pressure despite the positive "surprise" associated with the publication of the May statistics on retail sales in Canada.
Reason for the trading strategy
According to Baker Hughes, the number of oil rigs in the US increased from 14 units to 371 units last week. The WTI crude oil prices won back this information by declining to around 44 dollars per barrel. Currently, the Loonie is under pressure despite the positive "surprise" associated with the publication of the May statistics on retail sales in Canada.
Exness - The USDCAD pair is "eyeing" the level of 1.3285
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