Sell on a level breakthrough of 1.2424 with 1.2366 target. Stop loss = 1.2474.
Reason for the trading strategy
Last Friday, strong data on employment in Canada and the United States was published. In May, the Canadian economy created 58.9 thousand jobs with a forecast of 10.2 thousand, and the US economy created 280 thousand jobs with a forecast of 222 thousand. Thus, employment in the North America's economies in Q2 2015 is restored simultaneously. The rising prices for WTI oil from US $56.8 to 58.7 dollars per barrel provides significant support for the Loonie. Today, attention should be paid to Canada's construction sector statistics.