USD/CAD dropped sharply to as low as 1.3041. However, as long as 1.3000 support holds, the fall from 1.3226 could be treated as consolidation for the uptrend from 1.2887 and another rise towards 1.3350 is still possible after the consolidation.

USD/CAD dropped sharply to as low as 1.3041.
USD/CAD dropped sharply to as low as 1.3041. However, as long as 1.3000 support holds, the fall from 1.3226 could be treated as consolidation for the uptrend from 1.2887 and another rise towards 1.3350 is still possible after the consolidation.

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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