Quick Charts I usually put USD and CAD prices but Nasdaq is where the volume is at and therefore where price level is more meaningful! Also if you didn't notice the USD ticker closed + 2,23% while the TSX ticker closed at + 1.00%.
Resistance
4.69$ USD is where it's at, we double topped there on friday (12 EMA Daily)
if we are to break 4.69 USD, I would look at 12 & 26 EMA to break first
4.79$ USD is next clear level after 12 & 26 EMA
Supports
Anything above 4.51 USD is higher low on the hourly time frame
Today low of the day 4.50 $ USD
Friday low of the day 4.48 $ USD
Wednesday low of the day 4.40$ USD
If we are able to set a hourly higher low and then an hourly higher high, It would be a bullish indicator that we are heading into the resistances direction.
If we cannot and it's a "fakeout" It will be a bearish indicator.
I guess I like to say USD even if at the beginning of the post I said that I will only mention the price level on Nasdaq.
Do we have a good chart growing? Had to say it ;)