USDCAD extended its upside movement from 1.2672 to as high as 1.2909. Further rise to test 1.2916 resistance would likely be seen.
USDCAD extended its upside movement from 1.2672 to as high as 1.2909. Further rise to test 1.2916 resistance would likely be seen.
A breakout of this level could signal resumption of the longer term uptrend from 1.2061 (Sep 8 low), then the following upside movement could take price to 1.3100 area.
Near-term support is at 1.2836, only break below this level could bring price back towards 1.2666.
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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