Buy on a level breakthrough of 1.3385 with 1.3435 target. Stop loss = 1.3335.
Reason for the trading strategy
Today at 13.30 GMT, Canada's balance of payments for Q3 2015 be published. The expected growth in the figure form 17.4 billion to 15.2 billion Canadian dollars could support the Loonie. Meanwhile, before the December OPEC meeting, we allow for the USD/CAD to test the level of 1.3435, with its subsequent decrease.
Reason for the trading strategy
Today at 13.30 GMT, Canada's balance of payments for Q3 2015 be published. The expected growth in the figure form 17.4 billion to 15.2 billion Canadian dollars could support the Loonie. Meanwhile, before the December OPEC meeting, we allow for the USD/CAD to test the level of 1.3435, with its subsequent decrease.
USDCAD: growth before the publication of Canada's balance of payments
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