USDCAD extended its upside movement from 1.3314 to as high as 1.3666.
USDCAD extended its upside movement from 1.3314 to as high as 1.3666.
Further rally is still possible after a minor consolidation and next target would be at 1.3750 area. Near term support is at 1.3500, a breakdown below this level could trigger another fall towards 1.3300.
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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