The pair US Dollar/Canadian Dollar (USD/CAD) moves from the bullish trendline downwards
A descent downwards to the next support at 1.36573 will continue.
Caution: A possible counter-trend in the direction of the resistance level at 1.36928 should be noted.
In case of a trade, appropriate stop-loss settings should be considered.
There is also a ‘MACD Hidden Bearish Divergence’ indicator signal is discovered. The indicator is ‘MACD Hidden Bearish Divergence’. which is often a bearish chart scenario. The currency pair is likely to fall.
There is also a ‘Resistance Level’ indicator layout is existing. The indicator shows ‘Resistance Level’. which is often a bearish chart signal. The currency pair could go down.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | |
| 2nd High | 1.37022 |
| Next High | 1.36928 |
| Current Price | 1.36825 |
| Next Low | 1.36573 |
| 2nd Low | 1.36283 |
| 3rd Low | 1.36246 |
1.36928 – 1.36838 – 1.36504 – 1.36573 – 1.36283 – 1.36321 —
1.36928 – 1.36889 —
68.828135914362 – 61.894424770628 —
1.36928 – 1770265800 —
– 1770265800
Trading Signals: FOREX – USD – USD/CAD – CAD – – – – – – – – – –