USD/CAD – 30M – SELLThe combination moves from the ascending trendline down.
A descent down to the next support at 1.34894 is likely expected.
Caution: A possible counter-trend in the direction of the resistance zone at 1.35271 is within the realm of possibility.
In case of a trade, appropriate stop-loss settings should be considered.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 1.35409 |
| 2nd High | 1.35292 |
| Next High | 1.35271 |
| Current Price | 1.35223 |
| Next Low | 1.34894 |
| 2nd Low | 1.34633 |
| 3rd Low | 1.34623 |