A solid level of resistance has appeared and been verified above the price line since the USDCAD price chart’s price line began to move inside of an ascending triangle in the middle of November. This area of resistance is shown by a red line. A fluid support level was also established below the price line; this level is indicated by an ascending red line below the price line. Sky Ichimoku I agree with the pricing, and the RSI is presently moving upward. The price line is expected to cross above the region of static resistance, at which point buyers can start long positions. The bulls’ aim can be set at 1.38777 and then at 1.38000.

• There is a resistance level at 1.34713 followed by resistance at 1.34855 and 1.35000.
• There is a support level at 1.34000. Below, there is 1.33850 and 1.33580.

Note: We do not suggest any investment advice, and these analyses are just to increase the traders’ awareness but not a certain instruction for trading.