USD/CAD – 30M – SELLThe currency pair jumps from the descending trendline downwards
A continuation of the downward movement down to the next support at 1.34572 is expected.
Caution: A possible counter-trend in the direction of the resistance line at 1.34894 could happen.
Consider stop-loss settings accordingly.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 1.35409 |
| 2nd High | 1.35292 |
| Next High | 1.34894 |
| Current Price | 1.34674 |
| Next Low | 1.34572 |
| 2nd Low | 1.34190 |
| 3rd Low |