USDCAD moved sideways in a trading range between 1.3179 and 1.3322.
USDCAD moved sideways in a trading range between 1.3179 and 1.3322.
The sideways movement is likely consolidation for the downtrend from 1.3664, another fall towards 1.3100 is still possible after the consolidation.
Key resistance is at 1.3400, only a break of this level 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.
Comments
Log in or sign up to join the conversation.