USDCAD broke above 1.3057 resistance, suggesting that the downside move from 1.3174 had completed at 1.2986 already.
USDCAD broke above 1.3057 resistance, suggesting that the downside move from 1.3174 had completed at 1.2986 already.
Further rally would likely be seen in a couple of days and next target would be at 1.3170 area.
Support is at 1.3035, only a breakdown below this level could bring the price back towards 1.2961 previous low.
Futures, options, stocks, ETFs and over the counter foreign exchange products may involve substantial risk and may not be suitable for all investors. Leverage can work against you as well as for you. You should therefore carefully consider your investment experience as well as financial condition before deciding if trading is suitable for you.
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