Recently, USD/CAD has been trading upwards. As I expected, the price tested the level of 1.3200. According to the H1 time frame, I found a breakout of supply trendline in the background, which is a sign that buyers are in control. My advice is to watch for potential buying opportunities. Upward targets are set at the price of 1.3245 and at the price of 1.3300.
Resistance levels:
R1: 1.3200
R2: 1.3220
R3: 1.3245
Support levels:
S1: 1.3150
S2: 1.3135
S3: 1.3110
Trading recommendations for today: watch for potential buying opportunities.
The material has been provided by InstaForex Company - www.instaforex.com