USDCAD extended its downside movement from 1.4348 to as low as 1.3854, breaking below 1.3920 support.
USDCAD extended its downside movement from 1.4348 to as low as 1.3854, breaking below 1.3920 support.
Further decline is still possible after a minor consolidation and next target would be at 1.3800 area. Near term resistance is at 1.4000, a break of this level could bring the price back towards 1.4348 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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