USDCAD extended its downside movement from 1.4667 to as low as 1.3191. A further decline is still possible next week and the next target would be at the 1.3000 area.
USDCAD extended its downside movement from 1.4667 to as low as 1.3191. A further decline is still possible next week and the next target would be at the 1.3000 area.
Near term resistance is at the top of the falling price channel on the daily chart, a breakout of the channel resistance could bring the price back towards 1.3700.
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.