Technical analysis USDCAD for 06.12.2023
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 descending. Instrument is trading below the Tenkan-se and Kijun-sen lines. The closest support is the level 1.35525. The closest resistance is the level 1.35725
Key levels
- 1.36000, 1.35725, 1.35525, 1.35300, 1.35050
Trading scenario
- Recommended opening short positions (Sell Stop) from the level of 1.35525, with Take Profit of 1.35300 and Stop Loss of 1.35725
Alternative scenario
- Recommended opening long positions (Buy Stop) from the level of 1.35725, with Take Profit of 1.36000 and Stop Loss of 1.35525