USDCAD extended its upside movement from 1.2887 to as high as 1.3112, breaking above 1.3103 resistance.
USDCAD extended its upside movement from 1.2887 to as high as 1.3112, breaking above 1.3103 resistance.
Further rise is still possible and next target would be at 1.3174 resistance.
Near-term support is at 0.3040, only a breakdown below this level could bring the price back towards 1.2950.
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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