USDCAD’s downside movement from 1.3174 extended to as low as 1.2986.
USDCAD’s downside movement from 1.3174 extended to as low as 1.2986.
Further decline to test 1.2961 support is possible, a break below this level could trigger further downside movement to 1.2900 area.
Near-term resistance is at 1.3057, only a break of this level could bring the price back to 1.3100 area.
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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