Canadian Dollar Rallies Against USD, Hits Major Resistance
The Canadian Dollar has been on a seven-day rally against the US Dollar (USD/CAD), but it's testing major resistance levels.
According to FOREX.com, this surge has raised concerns about the potential for losses to exceed deposits for investors who have taken on leverage in Contracts for Differences (CFDs).
The Monetary Authority of Singapore regulates StoneX Financial Pte. Ltd., which offers dealing services in CFDs through FOREX.com.