USD/CAD – 1H – BUYThe currency pair US Dollar/Canadian Dollar (USD/CAD) jumps from the descending trendline up.
The bullish trend upwards to the next resistance at 1.37590 is considered certain.
Caution: A possible reversal of the trend in the direction of the support line at 1.35563 could happen.
Consider stop-loss settings accordingly.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 1.38296 |
| 2nd High | 1.37977 |
| Next High | 1.37590 |
| Current Price | 1.36034 |
| Next Low | 1.35563 |
| 2nd Low | 1.35395 |
| 3rd Low |
1.37590 – 1.37543 – 1.37977 – 1.35997 – 1.36273 – 1.36173