USD/CAD – 1H – SELLThe pair US Dollar/Canadian Dollar (USD/CAD) moves from the ascending trendline downwards
A bearish descent down to the next support level at 1.40930 is considered certain.
Caution: A possible change in the direction of the resistance line at 1.41747 could occur.
In the case of a trade, always set appropriate stop-loss settings.
Correction of the major bullish trend broke through the Fibonacci 0-Level.Continuation of the current descending trend is considered certain. Current target is 1.41355712 at the Fibonacci level 0.24-Level. Caution: A possible change in the direction of the support zone at 1.41747 could occur.
In the case of a trade, always set appropriate stop-loss settings.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | |
| 2nd High | 1.41778 |
| Next High | 1.41747 |
| Current Price | 1.41613 |
| Next Low | 1.40930 |
| 2nd Low | 1.40100 |
| 3rd Low | 1.40089 |