USDCAD extended its downside movement from 1.3269 to as low as 1.3161, facing the support level at 1.3158.
USDCAD extended its downside movement from 1.3269 to as low as 1.3161, facing the support level at 1.3158.
A breakdown below this level could trigger further downside movement towards 1.3100. Near term resistance is at 1.3190, above this level could bring the price back to 1.3225 zone.
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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