USD/CAD – 1H – SELLThe pair jumps from the ascending trendline down.
A descent downwards to the next support level at 1.38133 is certain.
Caution: A possible trend reversal in the direction of the resistance level at 1.38624 could be enabled.
Consider stop-loss settings accordingly.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | |
| 2nd High | |
| Next High | 1.38624 |
| Current Price | 1.38180 |
| Next Low | 1.38133 |
| 2nd Low | 1.37851 |
| 3rd Low | 1.37468 |