The pair US Dollar/Canadian Dollar (USD/CAD) breaks through the descending trendline upwards
A bullish trend up to the next resistance at 1.36355 is likely expected.
Caution: A possible change in the direction of the support zone at 1.35551 should always be considered.
In case of a trade, appropriate stop-loss settings should be considered.
There is also a ‘StochRSI %K line crosses above %D line’ indicator layout is detected. The indicator is ‘StochRSI %K line crosses above %D line’. which is often a bullish chart scenario. The pair is likely to go up.
There is also a ‘Resistance Level’ indicator layout is existing. The indicator is ‘Resistance Level’. this is usually a bullish chart scenario. The currency pair is likely to rise.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 1.37243 |
| 2nd High | 1.36734 |
| Next High | 1.36355 |
| Current Price | 1.36326 |
| Next Low | 1.35551 |
| 2nd Low | 1.35039 |
| 3rd Low | 1.34929 |
1.36355 – 1.36186 – 1.35761 – 1.35551 – 1.35039 – 1.35229 —
1.36314 – 1.36359 —
67.528460956667 – 47.671066260952 —
– —
1.36355 – 1770919200
Trading Signals: FOREX – USD – USD/CAD – CAD – – – – – – – – – –