USDCAD extended its downside movement from 1.3347 to as low as 1.3170, breaking below 1.3205 support.
USDCAD extended its downside movement from 1.3347 to as low as 1.3170, breaking below 1.3205 support.
Further decline is still possible after a minor consolidation and next target would be at 1.3100 area. Near term resistance is at 1.3225, above this level could bring the price back to 1.3250 zone.
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.