USDCAD stays in a trading range between 1.3849 and 1.4348. Resistance is at 1.4348 and as long as this level holds, the fall from 1.4667 could be expected to resume and a further decline to the rising trend line on the daily chart is possible.
USDCAD stays in a trading range between 1.3849 and 1.4348. Resistance is at 1.4348 and as long as this level holds, the fall from 1.4667 could be expected to resume and a further decline to the rising trend line on the daily chart is possible.
Only a break above 1.4348 resistance could trigger another rise towards 1.4700.
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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