USDCAD is facing 1.3849 support, a breakdown below this level could take the price to 1.3700 area.
Near term resistance is at 1.3980, a break of this level could trigger another rise towards the falling trend line on the 4-hour chart.
USDCAD Daily Analysis – Wednesday, May 20
USDCAD is facing 1.3849 support, a breakdown below this level could take the price to 1.3700 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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