empty
 
 
03.04.2023 06:38 AM
USDCAD, Day | Strong Ascending trendline ?

USD/CAD has been experiencing a bullish trend, propelled by a significant ascending trend line, indicating that further upward momentum is possible. As for the support and resistance levels, the initial support level is situated at 1.3494, which is a robust overlap support level that has previously held the price. Additionally, the secondary support level is at 1.3227, which is also an overlap support level.

On the other hand, the first resistance level stands at 1.3677, which is an overlap resistance level. If the price manages to surpass this resistance level, it could potentially reach the second resistance level at 1.3871, which is a multi-swing high resistance level.

If the price rebounds from the initial support level, it may move towards the first resistance level. However, if it falls below the initial support level, the next support level is at the secondary support level of 1.3227

This image is no longer relevant

Dean Leo,
Analytical expert of InstaForex
© 2007-2024
通过InstaForex赚取加密货币汇率变动的收益。
下载MetaTrader 4并开启您的第一笔交易。
  • Grand Choice
    Contest by
    InstaForex
    InstaForex always strives to help you
    fulfill your biggest dreams.
    JOIN CONTEST
  • Chancy Deposit
    Deposit your account with $3,000 and get $9000 more!
    In May we raffle $9000 within the Chancy Deposit campaign!
    Get a chance to win by depositing $3,000 to a trading account. Having fulfilled this condition, you become a campaign participant.
    JOIN CONTEST
  • Trade Wise, Win Device
    Top up your account with at least $500, sign up for the contest, and get a chance to win mobile devices.
    JOIN CONTEST
  • 100% Bonus
    Your unique opportunity to get a 100% bonus on your deposit
    GET BONUS
  • 55% Bonus
    Apply for a 55% bonus on your every deposit
    GET BONUS
  • 30% Bonus
    Receive a 30% bonus every time you top up your account
    GET BONUS

推荐文章

现在无法通话?
提出您的问题,用 在线帮助.
Widget callback