USD/CAD – 1H – BUYThe currency pair breaks through the descending trendline upwards
The bullish trend upwards to the next resistance line at 1.36165 is likely expected.
Caution: A possible reversal of the trend in the direction of the support zone at 1.35799 is also possible.
In case of a trade, appropriate stop-loss settings should be considered.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 1.36845 |
| 2nd High | 1.36226 |
| Next High | 1.36165 |
| Current Price | 1.36082 |
| Next Low | 1.35799 |
| 2nd Low | 1.35664 |
| 3rd Low | 1.35647 |