Technical analysis USDCAD for 29.09.2022

The Tenkan-sen line is located above the Kijun-sen line. Blue is directed upwards, while red remains horizontal. Confirmatory line Chikou Span is above the price chart. In this case, the cloud is ascending. Instrument corrected to the Tenkan-se line. The closest resistance is the level 1.37910. The closest support is the level 1.36340

Key levels

• 1.39300, 1.38650, 1.37910, 1.36340, 1.35730, 1.35140

Trading scenario

• Recommended opening long positions (Buy Stop) from the level of 1.37910, with Take Profit of 1.38650 and Stop Loss of 1.37100

Alternative scenario

• Recommended opening short positions (Sell Stop) from the level of 1.36340, with Take Profit of 1.35730 and Stop Loss of 1.37100