USD/CAD – 1H – BUYThe combination breaks through the bearish trendline up.
A bullish movement upwards to the next resistance line at 1.39504 is likely expected.
Caution: A possible counter-trend in the direction of the support line at 1.38418 is also possible.
Please make appropriate stop-loss settings in the case of a trade.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 1.39585 |
| 2nd High | 1.39583 |
| Next High | 1.39504 |
| Current Price | 1.39319 |
| Next Low | 1.38418 |
| 2nd Low | 1.38182 |
| 3rd Low | 1.38122 |