USDCAD broke above 1.3174 resistance, suggesting that the downside movement from 1.3385 had completed at 1.2887 already.
USDCAD broke above 1.3174 resistance, suggesting that the downside movement from 1.3385 had completed at 1.2887 already.
A further rise could be expected in a couple of weeks and the next target would be at 1.3400 area. Support is at 1.3000; only a breakdown below this level could trigger another fall towards 1.2750.
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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