USDCAD stays above a rising trend line on the daily chart and remains in the uptrend from 1.3041. As long as the trend line support holds, the upside movement could be expected to continue and the next target would be at 1.3382 resistance.
USDCAD stays above a rising trend line on the daily chart and remains in the uptrend from 1.3041. As long as the trend line support holds, the upside movement could be expected to continue and the next target would be at 1.3382 resistance.
On the downside, a breakdown below the trend line support would indicate that the upside movement is complete, then another fall towards 1.3000 could be seen.
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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