USD/CAD stays below a falling trend line on the daily chart and remains in the downtrend from 1.3564. As long as the trend line resistance holds, the downtrend could be expected to continue.
USD/CAD stays below a falling trend line on the daily chart and remains in the downtrend from 1.3564. As long as the trend line resistance holds, the downtrend could be expected to continue.
The next target would be at the 1.2900 area, only break above the trend line resistance could signal completion of the downtrend.
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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