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Business / Finance

USD/CAD: the resumption of growth - coming soon

Forex Club 30.04.2019 at 11:34

USD/CAD Strategy of the transaction Direction of transaction Purchase Entrance (open price) the 1.3525 Target (closing price) 1,3600 Stop Loss at 1.3475 Horizon till 19.00 MSK 02.04.2019*

Today the data is expected fast growth of the canadian economy. The forecast is not consolatory – it is expected that the GDP showed a growth

- It will strengthen fears that the Bank of Canada will continue to adhere to the soft monetary policy that will not benefit the "Canadians"

- Ahead of the fed meeting and it may support the dollar. Assuming that the fed will make it clear that the market is incorrectly perceived their promises and they are not going to consider a rate cut

- the Prices remain above the 50-day moving average

Options transaction

you Need to open a transaction in Libertex to buy USD/CAD at the price of the 1.3525 30.04.2019 no later than 23:00 GMT.

In the case of negative developments, the net loss will not exceed 1.6%.

If you want to get your position size multiplier, the potential profit and loss for Libertex, connect to the service Libertex Show .

Warning: Profitability in the past does not mean profitability in the future. Any projections are for informational purposes and do not guarantee results.

GDP, Canada, Bank of Canada, fed, Displayed libertex author: rogova-iv USDCAD