USD/CAD broke above 1.3375 resistance, suggesting that the downside movement from 1.3664 had completed at 1.3068 already.
USD/CAD broke above 1.3375 resistance, suggesting that the downside movement from 1.3664 had completed at 1.3068 already.
A further rally could be expected and the next target would be at the 1.3600 area.
Support is at 1.3300 and a breakdown below this level could trigger another fall towards 1.2900.
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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