EXNESS - Аналитика


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USDCAD: growth against the background of falling oil prices

Buy on a level breakthrough of 1.4267 with 1.4350 target. Stop loss = 1.4217.

Reason for the trading strategy

Looking for the "bottom" in the oil market is useless at the moment, because investors are not sure about the state of the Chinese economy, which is slowing down, as well as about the future path of interest rates increase in the United States. At the moment, WTI crude oil is now trading near 31.7 dollars per barrel. Its reduction to $30 will provoke a rise in the USD/CAD pair above the level of 1.4350.



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