USDCAD extended its upside movement from 1.3201 to as high as 1.3346, breaking above 1.3328 resistance.
USDCAD extended its upside movement from 1.3201 to as high as 1.3346, breaking above 1.3328 resistance.
Further rise could be expected after a minor consolidation and next target would be at 1.3400 area.
Support is located at that rising trend line on the 4-hour chart, only break below the trend line support could signal completion of the uptrend.
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.