USD/CAD – 30M – BUYThe pair US Dollar/Canadian Dollar (USD/CAD) breaks through the descending trendline up.
The bullish trend upwards to the next resistance at 1.40412 will persist.
Caution: A possible trend reversal in the direction of the support level at 1.39847 should be noted.
In case of a trade, appropriate stop-loss settings should be considered.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 1.40651 |
| 2nd High | 1.40452 |
| Next High | 1.40412 |
| Current Price | 1.40269 |
| Next Low | 1.39847 |
| 2nd Low | 1.39802 |
| 3rd Low | 1.39508 |