USD/CAD extended its upside movement from 1.2856 to as high as 1.3335.
USD/CAD extended its upside movement from 1.2856 to as high as 1.3335. Further rise could be expected after a minor consolidation and next target would be at 1.3400 area. Near-term support is at 1.3260, a breakdown below this level would suggest that consolidation for the uptrend is underway, then deeper decline to 1.3200 area could be seen. Below there would aim 1.3050 zone.
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.
Comments
Log in or sign up to join the conversation.