Technical analysis USDCAD for 15.02.2024

The Tenkan-sen line is located above the Kijun-sen line. Both lines are horizontal. Confirmatory line Chikou Span is above the price chart. In this case, the cloud is ascending. Instrument is traded between Tenkan-se and Kijun-sen lines. The closest support is the level 1.34900. The closest resistance is the level 1.35450

Key levels

• 1.35800, 1.35450, 1.34900, 1.34625, 1.34225

Trading scenario

• Recommended opening long positions (Buy Limit) from the level of 1.34900, with Take Profit of 1.35450 and Stop Loss of 1.34625

Alternative scenario

• Recommended opening short positions (Sell Stop) from the level of 1.34625, with Take Profit of 1.34225 and Stop Loss of 1.34900