USDCAD broke below 1.3485 support. Further decline could be expected in the coming days and next target would be at 1.3300 area.
Near term resistance is at 1.3480, a break of this level could bring the price back to 1.3570 area.
USDCAD Daily Analysis – Wednesday, July 22
USDCAD broke below 1.3485 support. Further decline could be expected in the coming days and next target would be at 1.3300 area.
Disclaimer:
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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