USDCAD broke above 1.3263 resistance and extended its upside movement from 1.2782 to as high as 1.3317.
USDCAD broke above 1.3263 resistance and extended its upside movement from 1.2782 to as high as 1.3317.
Further rise is still possible after a minor consolidation and next target would be at 1.3350 area.
Support is at 1.3270, a breakdown below this level could bring the price back towards the bottom of the price channel on the 4-hour chart.
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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