USDCAD
Aug. 28, 2015, 10:27
Sell on a level breakthrough of 1.3175 with 1.3060 target. Stop loss = 1.3230.
Reason for the trading strategy
The oil prices rose sharply on the expectations that OPEC will soon have an emergency meeting with the participation of the Russian Federation, where it may be decided to reduce oil production. After yesterday's increase, the prices for WTI crude oil are going down, but remain close to $42 per barrel. Next week, they can gain a foothold above the level of $44, and the USD/CAD pair can gain a foothold below 1.3175.
Aug. 28, 2015, 10:27
Sell on a level breakthrough of 1.3175 with 1.3060 target. Stop loss = 1.3230.
Reason for the trading strategy
The oil prices rose sharply on the expectations that OPEC will soon have an emergency meeting with the participation of the Russian Federation, where it may be decided to reduce oil production. After yesterday's increase, the prices for WTI crude oil are going down, but remain close to $42 per barrel. Next week, they can gain a foothold above the level of $44, and the USD/CAD pair can gain a foothold below 1.3175.
USDCAD: adjustment from the level of 1.3175
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