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USDCAD News

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Last Updated Date: 31 May 2022 @ 8:11 AM (UTC)
*Please note that all the dates are in GMT time zone

The USDCAD market posture is negative. The slide back through 1.2711 the 5th of May low leaves trade positioned to continue attacking under 1.2676. A close under 1.2676 projects to 1.2580. Any near term rebounds will find resistance at 1.2783. A close over 1.2831 (SAR) is needed to recapture bottoming / bullish trade action.
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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.