USD/CAD broke below 1.2803 support, suggesting that the upside movement from 1.2526 had completed at 1.2997 already.
USD/CAD broke below 1.2803 support, suggesting that the upside movement from 1.2526 had completed at 1.2997 already. Further decline could be expected after a corrective consolidation and next target would be at 1.2600 area. Resistance levels are at 1.2870 and 1.2997, only break above these levels could trigger another rise towards 1.3100.
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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