Dollar CAD Key Levels

The general weakness in the USD has created a few potential trends. The USD/CAD has been selling off for the past 12 months and continues the decline with this setup on the Daily/Weekly chart. In this week’s Technical Insights, the price sets in and around the sell zone with the appropriate bearish candles indicating both his risk and profit target just ahead of the support level. CMC Markets is a global leader in online trading, offering CFD and FX trading. Learn how to trade CFDs with our variety of educational videos on trading strategies. Trade the global financial markets, including currencies, commodities, indices, companies and treasuries. Spreads may widen dependent on liquidity and market volatility. Investing in CFDs carries significant risks and is not suitable for all investors. You could lose substantially more than your initial deposit. You do not own, or have any interest in, the underlying assets. We recommend that you seek independent advice and ensure you fully understand the risks involved before trading.