USD/CAD – 1H – BUYThe pair moves from the ascending trendline upwards
A continuation of the uptrend up to the next resistance level at 1.39059 is expected.
Caution: A possible change in the direction of the support line at 1.38818 should always be considered.
Please make appropriate stop-loss settings in the case of a trade.
The chart formed a ‘Three White Soldiers’ candlestick pattern, which means 3 higher candles in a row.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | |
| 2nd High | |
| Next High | 1.39059 |
| Current Price | 1.38934 |
| Next Low | 1.38818 |
| 2nd Low | 1.38378 |
| 3rd Low | 1.38122 |