USDCAD’s downside movement from 1.3715 extended to as low as 1.3337. Further decline would likely be seen and next target would be at 1.3200 area.
USDCAD’s downside movement from 1.3715 extended to as low as 1.3337. Further decline would likely be seen and next target would be at 1.3200 area.
Near term resistance is at 1.3444, above this level could bring the price back towards the falling trend line on the 4-hour chart.
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.