USD/CAD broke below the bullish trend line on the 4-hour chart, suggesting that the upside movement from 1.3240 had completed at 1.3432 already.
USD/CAD broke below the bullish trend line on the 4-hour chart, suggesting that the upside movement from 1.3240 had completed at 1.3432 already. Deeper decline would likely be seen in a couple of days and next target would be at 1.3310 area. Near term resistance is at 1.3410, only break above this level could trigger another rise towards 1.3500.
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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