USDCAD is facing 1.3854 support, a breakdown below this level could trigger further downside movement to 1.3700 area.
USDCAD is facing 1.3854 support, a breakdown below this level could trigger further downside movement to 1.3700 area.
Resistance is located at the bearish trend line on the 4-hour chart, a breakout of the trend line resistance would indicate that the downside movement from 1.4264 is complete, then another rise towards 1.4300 could be seen.
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.