.USD/CAD (US Dollar/Canadian Dollar), a potential bullish scenario is suggested by the following key levels:
Support Levels:
The 1st support level at 1.3437 is identified as "Multi-swing low support," indicating a significant level where buying interest could emerge, potentially providing a base for the price to bounce higher.
The 2nd support level at 1.3391 is described as "Pullback support," implying another level where buyers might enter the market, further reinforcing the bullish sentiment.
Resistance Levels:
The 1st resistance level at 1.3490 is recognized as "Multi-swing high resistance," suggesting a significant barrier where selling pressure may increase, potentially causing a temporary halt or reversal in the upward movement of the price.
The 2nd resistance level at 1.3511 is noted as "Pullback resistance," indicating another level where sellers could become active, potentially limiting further upward movement.
