USD/CAD – 30M – SELLThe combination jumps from the descending trendline down.
A continuation of the bearish trend downwards to the next support at 1.34190 is considered certain.
Caution: A possible counter-trend in the direction of the resistance zone at 1.34867 is also possible.
In case of a trade, appropriate stop-loss settings should be considered.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 1.35409 |
| 2nd High | 1.35292 |
| Next High | 1.34867 |
| Current Price | 1.34704 |
| Next Low | 1.34190 |
| 2nd Low | |
| 3rd Low |