trading today at 1.3631. The chart also shows a DIVERSION, indicating a change in the current trend. Most of the moving average crosses are weak, indicating a possible change in the trend. MACD indicator is pointing to a negative trend with crossovers appearing on the indicator as a result of some weakness from the seller’s side
Trading strategies based on Buy/Sell levels
| USDCAD | In case of buying | in case of selling |
| Entry point | 1.3640 | 1.3622 |
| Target Point 1 (TP1) | First resistance: 1.3670 | First support: 1.3590 |
| Target Point 2 (TP2) | Second resistance: 1.3719 | Second support: 1.3560 |
| Stop Loss (SL) | 1.3622 | 1.3640 |
In conclusion, these strategies are based on identifying the price position relative to support and resistance levels, and suggest the best ways to take advantage of price movements based on these indicators. Traders should monitor these levels carefully to identify optimal opportunities to enter and exit the market, while adhering to appropriate risk management strategies to protect their investments
