USDCAD: under pressure against the background of a decline in the US oil inventories
https://twitter.com/Exness_Support/s...75648050503681
USDCAD
Dec. 10, 2015, 10:39
Sell on a level breakthrough of 1.3540 with 1.3455 target. Stop loss = 1.3590.
Reason for the trading strategy
According to US Department of Energy, the US crude oil stocks decreased by 3.6 million barrels last week, supporting the WTI crude oil prices, which have increased form US $36.6 to $37.4 since December 8. Their growth above $38 is able to bring the USD/CAD pair up to the level of 1.3455.
USDCAD, H1
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