Sell on a level breakthrough of 1.3652 with 1.3550 target. Stop loss = 1.3702.
Reason for the trading strategy
On March 1, an agreement is likely to be reached between the major oil producers (except the US) regarding the freezing of the volumes of oil production. In June, we can expect a decline in oil production. These expectations form the preconditions for the oil prices returning to the range of $50-60 per barrel and support the Loonie.
USDCAD, H1
