USDCAD’s bounce from 1.2450 extended to as high as 1.2592. Further rise is still possible and next target would be at 1.2630 area.
USDCAD’s bounce from 1.2450 extended to as high as 1.2592. Further rise is still possible and next target would be at 1.2630 area.
Near-term support is at 1.2525, a breakdown below this level could bring price back to test 1.2450 support. Below here could trigger further downside movement towards 1.2300 area.
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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