USD/CAD broke above the falling trend line on the 4-hour chart, suggesting that the downside movement from 1.3450 had completed at 1.3283 already.
USD/CAD broke above the falling trend line on the 4-hour chart, suggesting that the downside movement from 1.3450 had completed at 1.3283 already. Further rally could be expected after a minor consolidation and next target would be at 1.3450 area. Support is at 1.3340, below this level could trigger another fall towards 1.3250.
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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