Technical analysis USDCAD for 11.08.2023
The Tenkan-sen line is located below the Kijun-sen line. Red is directed upwards, while blue remains 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 resistance is the level 1.34600. The closest support is the level 1.34190

Key levels
- 1.35030, 1.34840, 1.34600, 1.34190, 1.33760, 1.33000
Trading scenario
- Recommended opening long positions (Buy Stop) from the level of 1.34600, with Take Profit of 1.34840 and Stop Loss of 1.34400
Alternative scenario
- Recommended opening short positions (Sell Stop) from the level of 1.34190, with Take Profit of 1.33760 and Stop Loss of 1.34400