USD/CAD – 1H – BUYThe combination breaks through the ascending trendline up.
A continuation of the bullish trend upwards to the next resistance at 1.38682 is certain.
Caution: A possible reversal of the trend in the direction of the support level at 1.38122 should always be considered.
Consider stop-loss settings accordingly.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | |
| 2nd High | |
| Next High | 1.38682 |
| Current Price | 1.38963 |
| Next Low | 1.38122 |
| 2nd Low | 1.37851 |
| 3rd Low | 1.37468 |