Technical analysis USDCAD for 14.06.2022
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 trading above the Tenkan-se and Kijun-sen lines. The closest support is the level 1.29200. The closest resistance is the level 1.29675
Key levels
- 1.30200, 1.29675, 1.29200, 1.28800, 1.28300
Trading scenario
- Recommended opening long positions (Buy Limit) from the level of 1.29200, with Take Profit of 1.29675 and Stop Loss of 1.28800
Alternative scenario
- Recommended opening short positions (Sell Stop) from the level of 1.28800, with Take Profit of 1.28300 and Stop Loss of 1.29200