USDCAD broke above 1.3207 resistance, suggesting that the uptrend from 1.3041 has resumed.
USDCAD broke above 1.3207 resistance, suggesting that the uptrend from 1.3041 has resumed. Further rise would likely be seen in a couple of days and next target would be at 1.3280 area.
Near term support is at the rising trend line on the 4-hour chart, only break below the trend line support could bring the price back to 1.3130 area.
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.