USD/CAD remains in the short term downtrend from 1.2757. Deeper decline is still possible and next target would be at 1.2500 area. Resistance is at 1.2757, only break above this level could trigger another bullish movement towards 1.2850.

USD/CAD remains in the short term downtrend from 1.2757. Deeper decline is still possible and next target would be at 1.2500 area.
USD/CAD remains in the short term downtrend from 1.2757. Deeper decline is still possible and next target would be at 1.2500 area. Resistance is at 1.2757, only break above this level could trigger another bullish movement towards 1.2850.

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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