Technical analysis USDCAD for 26.11.2021

The Tenkan-sen line crosses bottom upward the Kijun-sen line. Both lines are directed upwards. Confirmatory line Chikou Span is 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 1.2745. The closest resistance is the level 1.2775

Key levels

• 1.2810, 1.2775, 1.2745, 1.2705,1.2665,1.2639, 1.2595

Trading scenario

• Recommended opening long positions (Buy Limit) from the level of 1.2745, with Take Profit of 1.2775 and Stop Loss of 1.2705

Alternative scenario

• Recommended opening long positions (Buy Limit) from the level of 1.2705, with Take Profit of 1.2745 and Stop Loss of 1.2665