USD/CAD – 1H – SELLThe currency pair US Dollar/Canadian Dollar (USD/CAD) moves from the bearish trendline downwards
A continuation of the downtrend down to the next support line at 1.40812 is expected.
Caution: A possible reversal of the trend in the direction of the resistance zone at 1.41068 is also possible.
In case of a trade, appropriate stop-loss settings should be considered.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 1.41401 |
| 2nd High | 1.41396 |
| Next High | 1.41068 |
| Current Price | 1.40950 |
| Next Low | 1.40812 |
| 2nd Low | 1.40394 |
| 3rd Low | 1.3971 |
1.41068 – 1.40649 – 1.4062 – 1.40812 – 1.40394 – 1.3971 —
1.41058 – 1.41022 —
59.624580142375 – 54.000397166396 —
– —
1.41068 – 1763665200
Trading Signals: FOREX – USD – USD/CAD – CAD – – – – – – – – – –