The combination US Dollar/Canadian Dollar (USD/CAD) breaks through the bearish trendline upwards
A bullish trend up to the next resistance at 1.38575 is certain.
Caution: A possible counter-trend in the direction of support at 1.37409 should be noted.
Please make appropriate stop-loss settings in the case of a trade.
There is also a ‘Resistance Level’ indicator signal is existing. The indicator is ‘Resistance Level’. this is usually a bullish chart signal. The currency pair is likely to rise.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 1.39242 |
| 2nd High | 1.38675 |
| Next High | 1.38575 |
| Current Price | 1.38007 |
| Next Low | 1.37409 |
| 2nd Low | 1.36012 |
| 3rd Low | 1.35665 |
1.37877 – 1.38575 – 1.38568 – 1.37409 – 1.3769 – 1.37825 — 54.986464415396 – 60.71789753951 — 48.395334755022 – 33.214859279151 – 63.561191721134 – 50.070186204977