USDCAD extended its downside movement from 1.3327 to as low as 1.2951, breaking below 1.3015 support. A further decline would likely be seen after a minor consolidation and the next target would be at the 1.2800 area.
USDCAD extended its downside movement from 1.3327 to as low as 1.2951, breaking below 1.3015 support.
A further decline would likely be seen after a minor consolidation and the next target would be at the 1.2800 area. Near term resistance is at 1.3080, above this level it could bring the price back towards 1.3300.
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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