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Investments in financial products are subject to market risk. Some financial products, such as currency exchange, are highly speculative and any investment should only be done with risk capital. Prices rise and fall and past performance is no assurance of future performance. This website is an information site only.



Expert In



USD/CAD Buying Opportunity?


USD/CAD moves sideways between 1.2173 and 1.2068 levels. An upside breakout from this range could signal further growth, while a downside breakout may indicate a deeper decline.

Jumping above the downtrend line signaled that the pair could develop a swing higher. A new upwards movement will be confirmed by a breakout and stabilization above the 1.2173 level.

On the other hand, dropping below 1.2068 static support, the downside obstacle could indicate a potential decline towards the 1.2000 psychological level.

Trading Conclusion!

Increasing and passing above 1.2173 could really signal more gains towards the 1.2300 psychological level.

The material has been provided by InstaForex Company -