The pair US Dollar/Canadian Dollar (USD/CAD) jumps from the bearish trendline down.
A continuation of the bearish trend down to the next support line at 1.34812 is certain.
Caution: A possible change in the direction of resistance at 1.36076 is within the realm of possibility.
In the case of a trade, always set appropriate stop-loss settings.
Then a ‘Resistance Level’ indicator signal is found. The indicator is ‘Resistance Level’. which is often a bullish chart signal. The currency pair is likely to rise.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 1.38445 |
| 2nd High | 1.37389 |
| Next High | 1.36076 |
| Current Price | 1.35876 |
| Next Low | 1.34812 |
| 2nd Low | |
| 3rd Low |
1.35777 – 1.36076 – 1.37389 – 1.34812 – 1.35354 – 1.35586 —
1.35470 – 1.35886 —
54.269075393001 – 62.890415278144 —
– —
1.35777 – 1769706000
Trading Signals: FOREX – USD – USD/CAD – CAD – – – – – – – – – –