USDCAD is now in short term downtrend from 1.2778. Further decline would likely be seen and next target would be at 1.2535, followed by 1.2413.
USDCAD is now in short term downtrend from 1.2778. Further decline would likely be seen and next target would be at 1.2535, followed by 1.2413.
Resistance levels are at 1.2690 and 1.2778, only break above these levels could trigger another rise towards 1.2900.
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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