The combination US Dollar/Canadian Dollar (USD/CAD) breaks through the descending trendline upwards
A bullish ascent up to the next resistance line at 1.37122 is expected.
Caution: A possible trend reversal in the direction of the support zone at 1.36619 is within the realm of possibility.
Please make appropriate stop-loss settings in the case of a trade.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 1.37389 |
| 2nd High | 1.37246 |
| Next High | 1.37122 |
| Current Price | 1.36724 |
| Next Low | 1.36619 |
| 2nd Low | 1.36587 |
| 3rd Low | 1.36482 |
1.37122 – 1.37063 – 1.37246 – 1.36619 – 1.36587 – 1.36744 —
1.36727 – 1.36775 —
40.538065421746 – 49.737275510164 —
– —
1.37122 – 1772125200
Trading Signals: FOREX – USD – USD/CAD – CAD – – – – – – – – – –