Sell on a level breakthrough of 1.2002 with 1.1944 target. Stop loss = 1.2052.
Reason for the trading strategy
Today, after 14.00 GMT, data on the index of business activity in Canada's manufacturing sector will be published, as well as the statistics on oil and petroleum product supplies in the United States. The expected growth in the first index above 50 p. and the slowdown in the weekly growth of the second index are likely to support the Canadian currency.