USDCAD broke below 1.2803 support, suggesting that the downside movement from 1.3124 has resumed.
USDCAD broke below 1.2803 support, suggesting that the downside movement from 1.3124 has resumed.
Further decline could be expected in a couple of days and next target would be at 1.2650 area. Resistance levels are at 1.2860 and 1.2948, only break above these levels could signal completion of the downtrend.
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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