Buy on a level breakthrough of 1.3415 with 1.3500 target. Stop loss = 1.3365.
Reason for the trading strategy
In August, the prices for "black gold" react negatively to the information on reducing profits of Chinese industrial enterprises by 8.8% (y/y), which has been the most significant decline since October 2011. Against this background, the Loonie has updated its yearly low against the US dollar.