Technical analysis USDCAD for 22.06.2022
The Tenkan-sen line is located below the Kijun-sen line. Both lines are horizontal. Confirmatory line Chikou Span is below the price chart. In this case, the cloud is ascending. Instrument is trading below the Tenkan-se and Kijun-sen lines. The closest support is the level 1.28950. The closest resistance is the level 1.29300
Key levels
- 1.30125, 1.29700, 1.29300, 1.28950, 1.28575
Trading scenario
- Recommended opening long positions (Buy Stop) from the level of 1.29300, with Take Profit of 1.29700 and Stop Loss of 1.28950
Alternative scenario
- Recommended opening short positions (Sell Stop) from the level of 1.28950, with Take Profit of 1.28575 and Stop Loss of 1.29300