USD/CAD – 1H – BUYThe combination US Dollar/Canadian Dollar (USD/CAD) breaks through the bullish trendline upwards
A continuation of the bullish trend upwards to the next resistance level at 1.42715 is likely expected.
Caution: A possible trend reversal in the direction of the support zone at 1.42165 is within the realm of possibility.
In case of a trade, appropriate stop-loss settings should be considered.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | |
| 2nd High | |
| Next High | 1.42715 |
| Current Price | 1.43115 |
| Next Low | 1.42165 |
| 2nd Low | 1.42092 |
| 3rd Low | 1.41309 |