USD/CAD remains in the downtrend from 1.3382. Further decline is still possible after a minor consolidation and next target would be at 1.3100 area. Near term resistance is now at 1.3200, above this level could bring the price back to 1.3280 area.

USD/CAD remains in the downtrend from 1.3382. Further decline is still possible after a minor consolidation and next target would be at 1.3100 area.
USD/CAD remains in the downtrend from 1.3382. Further decline is still possible after a minor consolidation and next target would be at 1.3100 area. Near term resistance is now at 1.3200, above this level could bring the price back to 1.3280 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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