USD/CAD – 30M – BUYThere is also a ‘Falling Wedge Chart Pattern’ chart pattern is discovered. The chart picture forms ‘Falling Wedge Chart Pattern’. which is a positive signal. The currency pair is likely to go up.
The currency pair US Dollar/Canadian Dollar (USD/CAD) breaks through the descending trendline upwards
An ascent upwards to the next resistance at 1.36749 is certain.
Caution: A possible trend reversal in the direction of the support zone at 1.35995 could happen.
In case of a trade, appropriate stop-loss settings should be considered.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 1.36926 |
| 2nd High | 1.36900 |
| Next High | 1.36749 |
| Current Price | 1.36333 |
| Next Low | 1.35995 |
| 2nd Low | |
| 3rd Low |
1.36749 – 1.36743 – 1.36900 – 1.35995 – 1.36496 – 1.36633