USDCAD extended its upside movement from 1.3899 to as high as 1.4114.
USDCAD extended its upside movement from 1.3899 to as high as 1.4114.
Further rise is still possible and next target would be at falling trend line on the 4-hour chart. Near term support is at 1.4000, only break below this level could trigger another fall towards 1.3850.
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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