USDCAD failed to break below 1.2650 support and is now facing 1.2752 resistance.
USDCAD failed to break below 1.2650 support and is now facing 1.2752 resistance.
A break of this level will signal resumption of the uptrend from 1.2413, then next target would be at 1.2800 area. On the downside, a breakdown below 1.2650 level will indicate that the uptrend had completed at 1.2752 already, then the following downside movement could bring price back to test 1.2413 support.
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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