USDCAD failed to break below 1.3849 support and rebounded from 1.3866, breaking above 1.3980 resistance.
USDCAD failed to break below 1.3849 support and rebounded from 1.3866, breaking above 1.3980 resistance.
Further rally would likely be seen and next target would be at the falling trend line on the 4-hour chart. Support level is at 1.3849, a breakdown below this level could take the price to 1.3700 area.
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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