USDCAD extended its downside movement from 1.3174 to as low as 1.2949, breaking below 1.2961 support.
USDCAD extended its downside movement from 1.3174 to as low as 1.2949, breaking below 1.2961 support.
Further decline could be expected after a minor consolidation and next target would be at 1.2800 area.
Resistance is at 1.3030, only a break of this level could bring the price back to 1.3150 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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