USDCAD broke above 1.3000 resistance, suggesting that the falling from 1.3071 had completed at 1.2915 already.
USDCAD broke above 1.3000 resistance, suggesting that the falling from 1.3071 had completed at 1.2915 already.
Further rise could be expected and a break of 1.3071 resistance could take the price to 1.3150 area. Support is at 1.3000, a breakdown below this level could bring the price back into 1.2950 zone.
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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