USD/CAD extended its downside movement from 1.2909 to as low as 1.2623. Further decline would likely be seen after a minor consolidation and next target would be at 1.2600 area.
USD/CAD extended its downside movement from 1.2909 to as low as 1.2623. Further decline would likely be seen after a minor consolidation and next target would be at 1.2600 area. Near term resistance is at 1.2750, only break above this level could trigger another rise to test 1.2916 resistance.
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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