Technical analysis USDCAD for 27.11.2024

The Tenkan-sen line is located below the Kijun-sen line. Both lines are directed downward. Confirmatory line Chikou Span is below the price chart. In this case, the cloud is ascending. Instrument is trading below the Tenkan-se and Kijun-sen lines. The closest support is the level 1.403. The closest resistance is the level 1.408

Key levels

1.4, 1.403, 1.408, 1.411, 1.417

Trading scenario

Recommended opening long positions (Buy Limit) from the level of 1.403, with Take Profit of 1.417 and Stop Loss of 1.4

Alternative scenario

Recommended opening short positions (Sell Limit) from the level of 1.411, with Take Profit of 1.4 and Stop Loss of 1.417