Technical analysis USDCAD for 24.10.2022
Tenkan-sen and Kijun-sen lines are merged. Both lines are horizontal. Confirmatory line Chikou Span is below the price chart. In this case, the cloud is descending. Instrument is trading below the Tenkan-se and Kijun-sen lines. The closest support is the level 1.3725. The closest resistance is the level 1.3800

Key levels
- 1.3965, 1.3870, 1.3800, 1.3725, 1.3630, 1.3500
Trading scenario
- Recommended opening long positions (Buy) at the current price, with Take Profit of 1.3870 and Stop Loss of 1.3630
Alternative scenario
- Recommended opening short positions (Sell Stop) from the level of 1.3630, with Take Profit of 1.3500 and Stop Loss of 1.3725