USDCAD’s bounce from 1.3899 extended to as high as 1.4084.
USDCAD’s bounce from 1.3899 extended to as high as 1.4084.
Further rise could be expected and next target would be at the falling trend line on the 4-hour chart. Near term support is at 1.3970, a breakdown below this level could trigger another fall towards 1.3700.
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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