USDCAD broke above 1.3395 resistance, suggesting that the uptrend from 1.3201 has resumed.
USDCAD broke above 1.3395 resistance, suggesting that the uptrend from 1.3201 has resumed. Further rise would likely be seen and next target would be at 1.3463 resistance, a break of this level would aim 1.3500 zone.
Support is at 1.3314, a breakdown below this level could trigger another fall towards 1.3200.
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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