USD/CAD – 30M – SELLThe combination US Dollar/Canadian Dollar (USD/CAD) jumps from the ascending trendline down.
A bearish trend downwards to the next support line at 1.41309 will persist.
Caution: A possible trend reversal in the direction of the resistance level at 1.42435 is within the realm of possibility.
In case of a trade, appropriate stop-loss settings should be considered.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | |
| 2nd High | |
| Next High | 1.42435 |
| Current Price | 1.42362 |
| Next Low | 1.41309 |
| 2nd Low | 1.41193 |
| 3rd Low | 1.40930 |