USD/CAD – 30M – SELLThe combination jumps from the bearish trendline down.
A continuation of the bearish trend down to the next support line at 1.34623 is certain.
Caution: A possible trend reversal in the direction of the resistance zone at 1.34949 could happen.
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 | 1.34949 |
| Current Price | 1.34751 |
| Next Low | 1.34623 |
| 2nd Low | 1.34572 |
| 3rd Low | 1.34190 |