USD/CAD – 1H – SELLThe combination jumps from the descending trendline down.
A continuation of the downward movement downwards to the next support at 1.34720 is certain.
Caution: A possible change in the direction of the resistance zone at 1.35393 could happen.
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 | 1.35393 |
| Current Price | 1.35103 |
| Next Low | 1.34720 |
| 2nd Low | 1.34633 |
| 3rd Low | 1.34572 |