USDCAD extended its downside movement from 1.3327 to as low as 1.3114.
USDCAD extended its downside movement from 1.3327 to as low as 1.3114.
Further decline is still possible after a minor consolidation and next target would be at 1.3060 area. Key resistance is at 1.3204, only break above this level could signal completion of the downtrend.
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.
Comments
Log in or sign up to join the conversation.