USDCAD
Sept. 24, 2015, 11:49
Buy on a level breakthrough of 1.3350 with 1.3400 target. Stop loss = 1.3300.
Reason for the trading strategy
The core retail sales in Canada remained unchanged in July, with an expected growth rate of 0.4% (m/m). The data indicate a low consumer activity of Canadian households. The adjustment in the price for WTI crude oil to the lower end of the range of 44,4-48 dollars per barrel pushes the USD/CAD pair up to new highs.
Sept. 24, 2015, 11:49
Buy on a level breakthrough of 1.3350 with 1.3400 target. Stop loss = 1.3300.
Reason for the trading strategy
The core retail sales in Canada remained unchanged in July, with an expected growth rate of 0.4% (m/m). The data indicate a low consumer activity of Canadian households. The adjustment in the price for WTI crude oil to the lower end of the range of 44,4-48 dollars per barrel pushes the USD/CAD pair up to new highs.
The Loonie tests the yearly lows
