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Bullish Structure

USDCAD TECHS
Foreign Exchange Technical AnalysisHomepagemarkets-real-timeBulletMarketsForeign Exchange Bullets
  • RES 4: 1.3899 High Nov 1 and a key resistance
  • RES 3: 1.3855 High Nov 10 2023
  • RES 2: 1.3804/46 High Apr 19 / 16
  • RES 1: 1.3766 High Apr 30
  • PRICE: 1.3761 @ 20:48 BST Apr 30
  • SUP 1: 1.3632 Low Apr 29
  • SUP 2: 1.3609 50-day EMA
  • SUP 3: 1.3547 Low Apr 9
  • SUP 4: 1.3478 Low Apr 4

USDCAD traded sharply higher Tuesday. A bullish trend condition remains intact and the most recent pullback appears to be a correction. The pair has recently cleared 1.3614, the Mar 19, 22, 25 and 29 highs, strengthening a bullish theme. This opens 1.3855 next, the Nov 10 ‘23 high. Note that moving average studies remain in a bull-mode position, highlighting a clear rising trend. Key support to watch 1.3609, the 50-day EMA.

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  • RES 4: 1.3899 High Nov 1 and a key resistance
  • RES 3: 1.3855 High Nov 10 2023
  • RES 2: 1.3804/46 High Apr 19 / 16
  • RES 1: 1.3766 High Apr 30
  • PRICE: 1.3761 @ 20:48 BST Apr 30
  • SUP 1: 1.3632 Low Apr 29
  • SUP 2: 1.3609 50-day EMA
  • SUP 3: 1.3547 Low Apr 9
  • SUP 4: 1.3478 Low Apr 4

USDCAD traded sharply higher Tuesday. A bullish trend condition remains intact and the most recent pullback appears to be a correction. The pair has recently cleared 1.3614, the Mar 19, 22, 25 and 29 highs, strengthening a bullish theme. This opens 1.3855 next, the Nov 10 ‘23 high. Note that moving average studies remain in a bull-mode position, highlighting a clear rising trend. Key support to watch 1.3609, the 50-day EMA.