Technical analysis USDCAD for 20.11.2023
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 1.36975. The closest resistance is the level 1.37375

Key levels
- 1.37750, 1.37375, 1.36975, 1.36750, 1.36400
Trading scenario
- Recommended opening long positions (Buy Limit) from the level of 1.36975, with Take Profit of 1.37375 and Stop Loss of 1.36750
Alternative scenario
- Recommended opening short positions (Sell Stop) from the level of 1.36750, with Take Profit of 1.36400 and Stop Loss of 1.36975