USD/CAD – 30M – SELLThe combination goes from the ascending trendline downwards
A bearish descent downwards to the next support at 1.37851 is expected.
Caution: A possible trend reversal in the direction of the resistance zone at 1.37998 could happen.
In case of a trade, appropriate stop-loss settings should be considered.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 1.38382 |
| 2nd High | 1.38011 |
| Next High | 1.37998 |
| Current Price | 1.38063 |
| Next Low | 1.37851 |
| 2nd Low | 1.37710 |
| 3rd Low | 1.37468 |