USDCAD broke above 1.3039 resistance. Further rally is still possible and next target would be at 1.3096 key resistance.
USDCAD broke above 1.3039 resistance. Further rally is still possible and next target would be at 1.3096 key resistance, a breakout of this level would indicate that the downside movement from 1.3289 had completed at 1.2961 already, then next target would be at 1.3150 area.
Support is at 1.2961, only a breakdown below this level could trigger further downside movement towards 1.2900.
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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