USD/CAD extended its downside movement from 1.3664 to as low as 1.3273.
USD/CAD extended its downside movement from 1.3664 to as low as 1.3273. Further decline is still possible in a couple of days and next target would be at 1.3200 area. Resistance is at 1.3330, above this level could bring the price back to 1.3450 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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