USD/CAD – 30M – SELLThe currency pair US Dollar/Canadian Dollar (USD/CAD) jumps from the bullish trendline downwards
A bearish movement downwards to the next support at 1.43486 is considered certain.
Caution: A possible trend reversal in the direction of the resistance line at 1.44352 is within the realm of possibility.
Please make appropriate stop-loss settings in the case of a trade.
Correction of the major bullish trend broke the Fibonacci 0.24-Level.Continuation of the current descending trend is considered certain. Current target is 1.43856 at the Fibonacci level 0.5-Level. Caution: A possible trend reversal in the direction of the support level at 1.44352 is within the realm of possibility.
Please make appropriate stop-loss settings in the case of a trade.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | |
| 2nd High | 1.44669 |
| Next High | 1.44352 |
| Current Price | 1.44158 |
| Next Low | 1.43486 |
| 2nd Low | 1.43349 |
| 3rd Low | 1.43043 |