After touching 1.3283 support, USD/CAD rebounded from 1.3274, suggesting that lengthier sideways movement is underway. Further rally would likely be seen in a couple of days and the target would be at 1.3430 area.
USD/CAD Daily Analysis – Thursday, April 18
After touching 1.3283 support, USD/CAD rebounded from 1.3274, suggesting that lengthier sideways movement is underway.
Disclaimer:
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.