USDCAD is testing 1.2920 support, a breakdown below this level could trigger further downside movement towards 1.3700.
Near term resistance is at 1.4080, a break of this level could bring the price back towards 1.4348 resistance.
USDCAD Daily Analysis – Thursday, April 9
USDCAD is testing 1.2920 support, a breakdown below this level could trigger further downside movement towards 1.3700.
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.
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