Technical analysis USDCAD for 17.09.2024

The Tenkan-sen line is located above the Kijun-sen line. Both lines are horizontal. Confirmatory line Chikou Span crosses from top to bottom the price chart. In this case, the cloud is ascending. Instrument is traded between Tenkan-se and Kijun-sen lines

Key levels

1.35042, 1.35354, 1.35650, 1.36010, 1.36202

Trading scenario

Recommended opening short positions (Sell Limit) from the level of 1.36010, with Take Profit of 1.35354 and Stop Loss of 1.36202

Alternative scenario

Recommended opening long positions (Buy Limit) from the level of 1.35354, with Take Profit of 1.36010 and Stop Loss of 1.35042