USD/CAD moved sideways in a trading range between 1.3295 and 1.3373.
USD/CAD moved sideways in a trading range between 1.3295 and 1.3373. As long as 1.3373 resistance holds, the sideways movement could be treated as consolidation for the downtrend from 1.3450, further decline to 1.3250 area is still possible after the consolidation. Only break above 1.3373 resistance could trigger another rise towards 1.3500.
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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