USDCAD is facing 1.3230 support, a breakdown below this level would indicate that the uptrend from 1.3133 had completed at 1.3309 already, then another fall towards 1.3100 could be seen.
USDCAD is facing 1.3230 support, a breakdown below this level would indicate that the uptrend from 1.3133 had completed at 1.3309 already, then another fall towards 1.3100 could be seen.
However, as long as 1.3230 support holds, the pullback from 1.3309 could be treated as consolidation for the uptrend from 1.3133, further rise to 1.3360 area is still possible after the consolidation.
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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