USDCAD extended its downside movement from 1.3174 to as low as 1.3013.
USDCAD extended its downside movement from 1.3174 to as low as 1.3013.
Further decline is still possible and next target would be at 1.2961 support.
Near-term resistance is at 1.3070, only a breakout of this level could bring the price back towards 1.3174 previous high.
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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