The USD/CAD pair continues to move upwards from the level of 1.3

FX:USDCAD   U.S. Dollar / Canadian Dollar
the pair rose from the level of 1.3371 (the level of 1.3371 coincides with a ratio of 38.2% Fibonacci retracement ) to a top around 1.3401. Today, the first support level is seen at 1.3371 followed by 1.3322, while daily resistance 1 is seen at 1.3445. According to the previous events, the USD/CAD pair is still moving between the levels of 1.3371 and 1.3445; for that we expect a range of 74 pips (1.3445 - 1.3371). On the one-hour chart, immediate resistance is seen at 1.3445, which coincides withthe double top . Currently, the price is moving in a bullish channel . This is confirmed by the RSI indicator signaling that we are still in a bullish trending market. The price is still above the moving average (100), Therefore, if the trend is able to break out through the first resistance level of 1.3445, we should see the pair climbing towards the daily resistance at 1.3504 to test it. It would also be wise to consider where to place stop loss; this should be set below the second support of 1.3322.
Trade closed: target reached


Home Stock Screener Forex Screener Crypto Screener Economic Calendar How It Works Chart Features Pricing Refer a friend House Rules Help Center Website & Broker Solutions Widgets Charting Solutions Lightweight Charting Library Blog & News Twitter
Profile Profile Settings Account and Billing Referred friends Coins My Support Tickets Help Center Private Messages Chat Sign Out