Yesterday the pair failed to break above 1.3270 and dropped towards the support at 1.3050. So far it's rebounding from it, but I think that if it does break below that level it will reach 1.2940 - 1.2930.
The pair just dropped to 1.3240 after forming a doji bar on the 1-hour time frame. It's currently testing that support level, but I think that if there is a breakout to the downside it will reach 1.3200 again.
USD/CAD rebounded from 1.3184 after forming a spinning top and a inverted hammer bar at that support. Right now the pair is testing the resistance at 1.3205 and I think that if it breaks out above that level it will reach the next resistance at 1.3240.
HIGH RISK WARNING: Foreign exchange trading carries a high level of risk that may not be suitable for all investors.
Leverage creates additional risk and loss exposure. Before you decide to trade foreign exchange, carefully consider your investment objectives, experience level, and risk tolerance.
You could lose some or all of your initial investment. Do not invest money that you cannot afford to lose. Educate yourself on the risks associated with foreign exchange trading, and seek advice from an independent financial or tax advisor if you have any questions.
Any data and information is provided 'as is' solely for informational purposes, and is not intended for trading purposes or advice.
Past performance is not indicative of future results.