The pair US Dollar/Canadian Dollar (USD/CAD) moves from the bearish trendline downwards
A continuation of the downtrend downwards to the next support level at 1.36696 is expected.
Caution: A possible change in the direction of the resistance level at 1.37543 is also possible.
In the case of a trade, always set appropriate stop-loss settings.
Additionally a ‘StochRSI %K line crosses below %D line’ indicator layout is found. The indicator is ‘StochRSI %K line crosses below %D line’. which is often a bearish signal. The pair is likely to go down.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 1.38329 |
| 2nd High | 1.37993 |
| Next High | 1.37543 |
| Current Price | 1.37221 |
| Next Low | 1.36696 |
| 2nd Low | 1.36527 |
| 3rd Low | 1.36206 |
1.37543 – 1.37323 – 1.37474 – 1.36696 – 1.37004 – 1.36993 —
1.37285 – 1.37306 —
51.06823434593 – 53.119206718568 —
– —
1.37543 – 1774272600
Trading Signals: FOREX – USD – USD/CAD – CAD – – – – – – – – – –