rishililawat5

USD/CAD Technical Analysis.

Short
FX:USDCAD   U.S. Dollar / Canadian Dollar
Currently, USD/CAD is trading at 1.3539. The pair started a new down trend after breaking the support level at 1.3548. Previously, the pair was consolidating in the resistance and support levels. As the pair has already started a down trend by breaking support level , its first target price is at 1.3430 and second target price will be at 1.3358.

Follow a proper risk management strategy to avoid unnecessary losses and to increase profitability, don't risk more than 2% of your capital on each trade.

Do follow us for future Forex trend analysis and Ideas.

Thank you,

Rishikesh Lilawat

Comments