USD/CAD – 1H – BUYThe currency pair breaks through the bullish trendline up.
A continuation of the upward movement upwards to the next resistance level at 1.38146 is expected.
Caution: A possible counter-trend in the direction of the support line at 1.37851 could be enabled.
In case of a trade, appropriate stop-loss settings should be considered.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | |
| 2nd High | 1.38382 |
| Next High | 1.38146 |
| Current Price | 1.38466 |
| Next Low | 1.37851 |
| 2nd Low | 1.37468 |
| 3rd Low | 1.37246 |