USD/CAD – 1H – BUYThe combination breaks through the ascending trendline up.
A continuation of the uptrend upwards to the next resistance level at 1.37368 is likely expected.
Caution: A possible counter-trend in the direction of the support level at 1.34720 is within the realm of possibility.
Consider stop-loss settings accordingly.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 1.37475 |
| 2nd High | 1.37381 |
| Next High | 1.37368 |
| Current Price | 1.37116 |
| Next Low | 1.34720 |
| 2nd Low | 1.34633 |
| 3rd Low | 1.34572 |