USDCAD remains in the downtrend from 1.4667, and the bounce from 1.2993 is a likely consolidation for the downtrend. As long as the 1.3400 resistance holds, the downside movement could be expected to continue.
USDCAD remains in the downtrend from 1.4667, and the bounce from 1.2993 is a likely consolidation for the downtrend. As long as the 1.3400 resistance holds, the downside movement could be expected to continue, and the next target would be at the 1.2800 area.
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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