Sell on a level breakthrough of 1.3371 with 1.3300 target. Stop loss = 1.3421.
Reason for the trading strategy
Before the publication of the weekly statistics on oil and petroleum products in the US, the price of WTI crude oil is rising above $ 45 per barrel, and the Loonie is strengthening against the US dollar. The expected decline of 0.5 million barrels in the US oil reserves could push the USD/CAD pair to test the 1.3371 level. Apart from that, today, it is worth paying attention to the data on the Canadian GDP for July.
Reason for the trading strategy
Before the publication of the weekly statistics on oil and petroleum products in the US, the price of WTI crude oil is rising above $ 45 per barrel, and the Loonie is strengthening against the US dollar. The expected decline of 0.5 million barrels in the US oil reserves could push the USD/CAD pair to test the 1.3371 level. Apart from that, today, it is worth paying attention to the data on the Canadian GDP for July.
USDCAD: Consolidation in the 1.3371-1.3454 range
0 commentaires:
Enregistrer un commentaire