USDCAD broke above 1.3119 resistance, suggesting that the upside movement from 1.2961 has resumed.
USDCAD broke above 1.3119 resistance, suggesting that the upside movement from 1.2961 has resumed.
Further rally is possible in a couple of days and next target would be at 1.3250 area.
Support is at the bullish trend line on the 4-hour chart, only a break below the trend line could trigger another fall towards 1.2900.
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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