USD/CAD – 30M – SELLThe combination moves from the bullish trendline downwards
The bearish trend downwards to the next support at 1.39166 is likely expected.
Caution: A possible trend reversal in the direction of the resistance line at 1.39504 is also possible.
Consider stop-loss settings accordingly.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 1.39585 |
| 2nd High | 1.39583 |
| Next High | 1.39504 |
| Current Price | 1.39467 |
| Next Low | 1.39166 |
| 2nd Low | 1.39142 |
| 3rd Low | 1.39103 |