Buy on a level breakthrough of 1.3148 with 1.3212 target. Stop loss = 1.3100.
Reason for the trading strategy
Last week, the number of oil rigs in the US increased by 2 units, amounting to 672 units, with growth observed for the fourth consecutive week. The news puts pressure on the oil quotations. At a breakthrough of the level of 1.3148, opening long positions in the USD/CAD pair is worth considering
Reason for the trading strategy
Last week, the number of oil rigs in the US increased by 2 units, amounting to 672 units, with growth observed for the fourth consecutive week. The news puts pressure on the oil quotations. At a breakthrough of the level of 1.3148, opening long positions in the USD/CAD pair is worth considering
USDCAD:growth against the background of falling oil prices
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