Technical analysis USDCAD for 27.12.2023
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 1.31525. The closest resistance is the level 1.32225

Key levels
- 1.33675, 1.32800, 1.32225, 1.31525, 1.30975
Trading scenario
- Recommended opening short positions (Sell Limit) from the level of 1.32225, with Take Profit of 1.31525 and Stop Loss of 1.32800
Alternative scenario
- Recommended opening long positions (Buy Stop) from the level of 1.32800, with Take Profit of 1.33675 and Stop Loss of 1.32225