Technical analysis USDCAD for 30.06.2022
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 descending. Instrument is trading below the Tenkan-se and Kijun-sen lines. The closest support is the level 1.28425. The closest resistance is the level 1.29075
Key levels
- 1.30450, 1.29725, 1.29075, 1.28425, 1.27850, 1.27175
Trading scenario
- Recommended opening long positions (Buy Stop) from the level of 1.29075, with Take Profit of 1.29725 and Stop Loss of 1.28425
Alternative scenario
- Recommended opening short positions (Sell Stop) from the level of 1.28425, with Take Profit of 1.27850 and Stop Loss of 1.29075