USDCAD’s upside movement from 1.2856 extended to as high as 1.3381.
USDCAD’s upside movement from 1.2856 extended to as high as 1.3381.
Near-term support is at 1.3200, as long as this level holds, the upside movement could be expected to continue and next target would be at 1.3450 area. On the downside, a breakdown below 1.3200 support could bring the price back to next support level at 1.3100, followed by 1.3060.
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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