USD/CAD’s fall from 1.4348 extended to as low as 1.3922, facing the support level at 1.3920, a breakdown below this level could trigger further downside movement to 1.3800 area.
USD/CAD’s fall from 1.4348 extended to as low as 1.3922, facing the support level at 1.3920, a breakdown below this level could trigger further downside movement to 1.3800 area. Near term resistance is at 1.4080, above this level could bring the price back towards 1.4348 resistance.
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.