USDCAD broke below 1.2413 support, indicating that the downtrend from 1.3793 has resumed. A further decline could be expected in a couple of weeks and the next target would be at 1.2050.
USDCAD broke below 1.2413 support, indicating that the downtrend from 1.3793 has resumed. A further decline could be expected in a couple of weeks and the next target would be at 1.2050. Key resistance is at 1.2778, only a break above this level 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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