USDCAD’s upside movement from 1.2887 extended to as high as 1.3207, breaking above 1.3174 resistance.
USDCAD’s upside movement from 1.2887 extended to as high as 1.3207, breaking above 1.3174 resistance.
Further rise is still possible after a minor consolidation and next target would be at 1.3250 area.
Near-term support is at 1.3120, only a breakdown below this level could signal completion of the uptrend.
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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