The combination US Dollar/Canadian Dollar (USD/CAD) breaks through the bearish trendline up.
A bullish movement upwards to the next resistance at 1.40207 is expected.
Caution: A possible counter-trend in the direction of support at 1.39572 could be enabled.
In case of a trade, appropriate stop-loss settings should be considered.
Support & Resistance | Price Range* |
---|---|
3rd High | 1.41023 |
2nd High | 1.40363 |
Next High | 1.40207 |
Current Price | 1.39776 |
Next Low | 1.39572 |
2nd Low | 1.39308 |
3rd Low | 1.39304 |