USD/CAD remains in the downtrend from 1.3374, the bounce from 1.3202 is likely consolidation for the downtrend.
USD/CAD remains in the downtrend from 1.3374, the bounce from 1.3202 is likely consolidation for the downtrend. Another fall could be expected after the consolidation, a breakdown below 1.3200 support could trigger another fall towards 1.3100. Resistance is at 1.3300, only break above this level could trigger another rise towards 1.3450.
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.