USDCAD extended its upside movement from 1.2728 to as high as 1.3021, breaking above 1.2997 resistance.
USDCAD extended its upside movement from 1.2728 to as high as 1.3021, breaking above 1.2997 resistance.
Further rise is still possible and next target would be at 1.3100 area. Support is at the bullish trend line on the 4-hour chart, as long as the trend line support holds, the uptrend will continue.
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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