USD/CAD – 1H – BUYThe currency pair breaks through the bullish trendline upwards
A continuation of the uptrend up to the next resistance level at 1.38492 is expected.
Caution: A possible trend reversal in the direction of the support level at 1.38133 should always be considered.
In case of a trade, appropriate stop-loss settings should be considered.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | |
| 2nd High | |
| Next High | 1.38492 |
| Current Price | 1.38457 |
| Next Low | 1.38133 |
| 2nd Low | 1.37851 |
| 3rd Low | 1.37468 |