USD/CAD – 1H – BUYThe combination US Dollar/Canadian Dollar (USD/CAD) goes from the ascending trendline downwards
The bearish trend down to the next support line at 1.37695 will persist.
Caution: A possible change in the direction of resistance at 1.38620 is also possible.
In case of a trade, appropriate stop-loss settings should be considered.
Furthermore a ‘Support Level’ indicator signal is discovered. The indicator is ‘Support Level’. this is usually a bullish chart signal. The pair is likely to go up.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 1.38922 |
| 2nd High | 1.38713 |
| Next High | 1.38620 |
| Current Price | 1.38182 |
| Next Low | 1.37695 |
| 2nd Low | |
| 3rd Low |
1.38620 – 1.38552 – 1.38713 – 1.37695 – 1.38079 – 1.38493