USDCAD remains in the downtrend from 1.2997, the bounce from 1.2728 is likely correction for the downtrend.
USDCAD remains in the downtrend from 1.2997, the bounce from 1.2728 is likely correction for the downtrend.
Another fall could be expected after the correction and a breakdown below 1.2728 support could trigger further downside movement towards 1.2500.
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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