USDCAD extended its upside movement from 1.3201 to as high as 1.3960.
USDCAD extended its upside movement from 1.3201 to as high as 1.3960.
Further rise is still possible after a minor consolidation and next target would be at 1.4050 area. Support is located at the rising trend line on the 4-hour chart, as long as the trend line support holds, the uptrend will continue.
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.