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USDCAD News

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Last Updated Date: 17 March 2022 @ 10:28 AM (UTC)
*Please note that all the dates are in GMT time zone

Yesterday's sharp break carries bear implications for selloffs to 1.2586. Trade is poised for continuation selloffs 1.2565. Any corrective rebounds should find the momentum of yesterday's sharp selloff checking rallies and working corrective congestion into a bear flag setup. Only a close over 1.2827 (SAR) marks a reversing turnaround.

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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.