USDCAD broke below 1.2887 support and extended its downside movement from 1.3226 to as low as 1.2884.
USDCAD broke below 1.2887 support and extended its downside movement from 1.3226 to as low as 1.2884.
Further decline could be expected after a minor consolidation and next target would be at 1.2800 area.
Near-term resistance is at 1.2950, as long as this level holds, the downtrend 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.
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