USDCAD’s short term uptrend from 1.2413 extended to as high as 1.2714.
USDCAD’s short term uptrend from 1.2413 extended to as high as 1.2714.
As long as the price is above the rising trend line on its 4-hour chart, the uptrend could be expected to continue and next target would be at 1.2740 area.
On the downside, a clear break below the trend line support could bring the price to test 1.2552 key 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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