USD/CAD – 1H – SELLThe pair jumps from the bullish trendline downwards
A descent down to the next support at 1.38818 is likely expected.
Caution: A possible counter-trend in the direction of the resistance zone at 1.39059 could be enabled.
Consider stop-loss settings accordingly.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | |
| 2nd High | |
| Next High | 1.39059 |
| Current Price | 1.38879 |
| Next Low | 1.38818 |
| 2nd Low | 1.38378 |
| 3rd Low | 1.38122 |