USD/CAD – 1H – SELLThe currency pair moves from the bullish trendline down.
A bearish descent downwards to the next support level at 1.37468 is likely expected.
Caution: A possible reversal of the trend in the direction of the resistance line at 1.38011 is within the realm of possibility.
Please make appropriate stop-loss settings in the case of a trade.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | |
| 2nd High | 1.38382 |
| Next High | 1.38011 |
| Current Price | 1.37931 |
| Next Low | 1.37468 |
| 2nd Low | 1.37246 |
| 3rd Low | 1.34720 |