USDCAD is in consolidation for the uptrend from 1.3201. Range trading between 1.3516 and 1.3759 would likely be seen in a couple of days.
USDCAD is in consolidation for the uptrend from 1.3201. Range trading between 1.3516 and 1.3759 would likely be seen in a couple of days.
As long as 1.3516 support holds, the uptrend could be expected to resume and further rise to 1.3850 area is still possible after the consolidation.
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.