USD/CAD – 1H – SELLThe combination jumps from the descending trendline down.
A continuation of the downtrend downwards to the next support level at 1.34190 is certain.
Caution: A possible reversal of the trend in the direction of the resistance line at 1.34867 should always be considered.
In case of a trade, appropriate stop-loss settings should be considered.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 1.35894 |
| 2nd High | 1.35817 |
| Next High | 1.34867 |
| Current Price | 1.34660 |
| Next Low | 1.34190 |
| 2nd Low | |
| 3rd Low |