02.08.2016
After a significant fall in oil prices that is taking place prior to the publication of the Crude Oil inventories in the US (03-08-2016), we can expect a correction to step in. In USDCAD we expect the Canadian Dollar to gain strenghth amid the recent weak statistical data on the US economy. Open a SELL order from the 1,31200 level.
Stop/loss: 1,31520.
Take/profit: 1,30850 – 1,30350.
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