USDCAD broke below 1.2355 support and continued its downside movement from 1.2920.
USDCAD broke below 1.2355 support and continued its downside movement from 1.2920.
Further decline could be expected and next target would be at 1.2200 area. Near-term resistance is at 1.2400, only break above this level could trigger another rise to test 1.2590 resistance.
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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