USD/CAD – 30M – SELLThe combination moves from the ascending trendline down.
The bearish trend down to the next support level at 1.37801 is likely expected.
Caution: A possible trend reversal in the direction of resistance at 1.38556 is also possible.
In case of a trade, appropriate stop-loss settings should be considered.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | |
| 2nd High | 1.39463 |
| Next High | 1.38556 |
| Current Price | 1.37952 |
| Next Low | 1.37801 |
| 2nd Low | 1.37703 |
| 3rd Low | 1.37526 |