USDCAD is now in short-term uptrend from 1.2666. Further rise to test 1.2819 resistance would likely be seen, a breakout of this level could bring price towards 1.2916 previous high.
USDCAD is now in short-term uptrend from 1.2666. Further rise to test 1.2819 resistance would likely be seen, a breakout of this level could bring price towards 1.2916 previous high.
Near-term support is at 1.2666, only a breakdown below this level could indicate that the downside movement from 1.2916 has resumed, then further decline towards 1.2433 could be seen.
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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