Sell on a level breakthrough of 1.3114 with 1.3060 target. Stop loss = 1.3164.
Reason for the trading strategy
Last week, the number of active oil rigs in the US fell from 675 to 662. The prices for WTI oil had practically no reaction to the news and continued to consolidate around the level of 45.5 dollars per barrel. In the long term, the oil prices could rise to $50 per barrel, and the USD/CAD pair could fall below the level of 1.3114.