USD/CAD – 1H – SELLThe pair US Dollar/Canadian Dollar (USD/CAD) moves from the bullish trendline down.
A bearish descent down to the next support at 1.35563 is likely expected.
Caution: A possible reversal of the trend in the direction of resistance at 1.36931 could occur.
In the case of a trade, always set appropriate stop-loss settings.
Besides a ‘Resistance Level’ indicator layout is detected. The indicator shows ‘Resistance Level’. which could be a negative signal. The pair is likely to go down.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 1.37314 |
| 2nd High | 1.37284 |
| Next High | 1.36931 |
| Current Price | 1.36761 |
| Next Low | 1.35563 |
| 2nd Low | 1.35395 |
| 3rd Low |
1.36931 – 1.36068 – 1.36514 – 1.35563 – 1.35395 – 1.35659