USD/CAD – 1H – SELLThe pair jumps from the descending trendline down.
A continuation of the downward movement downwards to the next support line at 1.35415 is expected.
Caution: A possible change in the direction of the resistance line at 1.35894 should always be considered.
In case of a trade, appropriate stop-loss settings should be considered.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 1.36845 |
| 2nd High | 1.36470 |
| Next High | 1.35894 |
| Current Price | 1.35604 |
| Next Low | 1.35415 |
| 2nd Low | 1.35327 |
| 3rd Low | 1.34654 |