USDCAD’s fall from 1.3327 extended to as low as 1.3150.
USDCAD’s fall from 1.3327 extended to as low as 1.3150.
Deeper decline could be expected in a couple of weeks and next target would be at 1.3080 area. Near term resistance is at 1.3250, above this level could trigger another rise to test 1.3382 resistance.
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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