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04.06.2021 11:41 AM
Trading ideas for CAD/JPY and AUD/CAD

WTI rose sharply, from $ 0 to almost $ 70.

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Unsurprisingly, this rally led to the strengthening of the Canadian dollar, especially against other currencies, such as Japanese yen and Australian dollar.

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Of course, USD / CAD was affected as well, in which it lost as much as 25,000 pips this year.

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But for cross-rates, a further increase will most likely happen. Hence, it is best to set stop orders every 500-1,000 pips.

In short, allocate at least 0.01 lot every $ 1000 deposit.

Good luck and have a nice trading day!

Andrey Shevchenko,
Analytical expert of InstaForex
© 2007-2024
Earn on cryptocurrency rate changes with InstaForex
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