USD/CAD failed to break above 1.3224 resistance and stays in a trading range between 1.3063 and 1.3224.
USD/CAD failed to break above 1.3224 resistance and stays in a trading range between 1.3063 and 1.3224. However, another rise to test 1.3224 resistance is still possible and a breakout of this level could trigger further upside movement towards 1.3350. Support is at 1.3130, below this level could bring the price back towards 1.3063 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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