USD/CAD – 1H – BUYThe combination jumps from the ascending trendline upwards
A continuation of the upward movement upwards to the next resistance line at 1.35375 is expected.
Caution: A possible trend reversal in the direction of the support line at 1.34894 is within the realm of possibility.
In case of a trade, appropriate stop-loss settings should be considered.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 1.35894 |
| 2nd High | 1.35817 |
| Next High | 1.35375 |
| Current Price | 1.35045 |
| Next Low | 1.34894 |
| 2nd Low | 1.34633 |
| 3rd Low | 1.34572 |