USD/CAD broke above 1.3132 resistance and extended its upside movement from 1.2782 to 1.3160 area.
USD/CAD broke above 1.3132 resistance and extended its upside movement from 1.2782 to 1.3160 area. Further rise could be expected and next target would be at 1.3200 area. Key support is at 1.2969, 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.
Comments
Log in or sign up to join the conversation.