USD/CAD broke above 1.3241 resistance and extended its upside movement from 1.3112 to as high as 1.3337.
USD/CAD broke above 1.3241 resistance and extended its upside movement from 1.3112 to as high as 1.3337. Further rise could be expected in a couple of days and next target would be at 1.3450 area. Support is now at 1.3270, a breakdown below this level could bring the price back to 1.3240 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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