The pair US Dollar/Canadian Dollar (USD/CAD) goes from the bullish trendline up.
A continuation of the bullish trend upwards to the next resistance level at 1.40235 is considered certain.
Caution: A possible trend reversal in the direction of the support zone at 1.3953 could occur.
In the case of a trade, always set appropriate stop-loss settings.
Also there is a ‘StochRSI %K line crosses below %D line’ indicator layout is found. The indicator shows ‘StochRSI %K line crosses below %D line’. which is often a bearish chart scenario. The currency pair is likely to fall.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 1.41006 |
| 2nd High | 1.40495 |
| Next High | 1.40235 |
| Current Price | 1.39856 |
| Next Low | 1.3953 |
| 2nd Low | 1.38989 |
| 3rd Low | 1.38659 |
1.40235 – 1.395 – 1.3969 – 1.3953 – 1.38989 – 1.39187 —
1.39799 – 1.39888 —
55.364881712043 – 55.496723773544 —
– —
1.40235 – 1781197200
Trading Signals: FOREX – USD – USD/CAD – CAD – – – – – – – – – –