FX.co ★ Trading ideas for CAD/JPY and AUD/CAD

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

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

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

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!