Technical analysis USDCAD for 30.05.2024

The Tenkan-sen line is located above the Kijun-sen line. Red is directed upwards, while blue remains horizontal. Confirmatory line Chikou Span crossed and fixed above the price chart. In this case, the cloud is ascending. Instrument is trading above the Tenkan-se and Kijun-sen lines. The closest support is the level 1.36850. The closest resistance is the level 1.37200

Key levels

• 1.37550, 1.37200, 1.36850, 1.36550, 1.36000

Trading scenario

• Recommended opening long positions (Buy Limit) from the level of 1.36850, with Take Profit of 1.37200 and Stop Loss of 1.36550

Alternative scenario

• Recommended opening short positions (Sell Stop) from the level of 1.36550, with Take Profit of 1.36000 and Stop Loss of 1.36850