USD/CAD continued its downside movement from 1.2943 and the fall extended to as low as 1.2587. Further decline is still possible and next target would be at 1.2500, followed by 1.2350. The key resistance is located at the falling trend line on the 4-hour chart, only a clear break above the trend line resistance could signal completion of the downtrend.
Top Finance
Subscribe to RICeoWeek
Search
New Posts
How Seniors Can Maintain Their Financial Security after Retirement
3 Ways to Protect Your Investment Portfolio from Market Volatility
Oleg Boyko: ‘Innate persistence is key in business.’
Will the Wyden Proposal change the Foreign Tax Credit for expats? Tom Griffiths explains
Trace One to Launch Audit-Driven QMS
Leave A Comment