USDCAD extended its upside movement from 1.3035 to as high as 1.3209.
USDCAD extended its upside movement from 1.3035 to as high as 1.3209.
Further rise would likely be seen in a couple of days and next target would be at 1.3250 area. Support is now at 1.3153, a breakdown below this level could bring the price back towards the rising trend line on the 4-hour chart.
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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