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USDCAD News

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Last Updated Date: 11 January 2022 @ 12:21 PM (UTC)
*Please note that all the dates are in GMT time zone

Overall the USDCAD market is bearish with a downside breakout likely sending trade to attack a 1.2610 weekly low, when broken 1.2493. Current corrective rebounds trapped by 1.2697 will maintain bear forces. However, a punch over last week’s high alerts for a possible flip to bottoming trade. A close over 1.2730 confirms the start of a reversing upturn.
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RISK WARNING

CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. Whilst leverage enables traders to magnify their profits on successful trades, it is possible to sustain significant losses,around 78% of retail investor accounts lose money when trading CFDs.