USDCAD failed to break above the falling price channel on the daily chart and pulled back from 1.3328. Another fall towards 1.2900 would likely be seen over the next several weeks.
USDCAD failed to break above the falling price channel on the daily chart and pulled back from 1.3328.
Another fall towards 1.2900 would likely be seen over the next several weeks. Resistance is at 1.3328 and a break of this level could take the price into 1.3500 zone.
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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