USDCAD dropped sharply from 1.4667 to 1.3920. A further decline would likely be seen next week, and the next target would be at the rising trend line on the daily chart.
USDCAD dropped sharply from 1.4667 to 1.3920. A further decline would likely be seen next week, and the next target would be at the rising trend line on the daily chart.
Near term resistance is at 1.4270, a break of this level could trigger another rise towards 1.5000.
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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