USD/CAD – 1H – BUYThe pair US Dollar/Canadian Dollar (USD/CAD) breaks through the descending trendline upwards
The bullish trend upwards to the next resistance line at 1.39779 is expected.
Caution: A possible reversal of the trend in the direction of the support level at 1.39502 is within the realm of possibility.
In the case of a trade, always set appropriate stop-loss settings.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 1.40363 |
| 2nd High | 1.40142 |
| Next High | 1.39779 |
| Current Price | 1.39637 |
| Next Low | 1.39502 |
| 2nd Low | 1.39304 |
| 3rd Low | 1.39249 |