USD/CAD – 30M – SELLThe combination moves from the descending trendline downwards
A continuation of the downtrend down to the next support at 1.38211 is expected.
Caution: A possible trend reversal in the direction of the resistance level at 1.38362 should be noted.
In the case of a trade, always set appropriate stop-loss settings.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | |
| 2nd High | 1.38492 |
| Next High | 1.38362 |
| Current Price | 1.38256 |
| Next Low | 1.38211 |
| 2nd Low | 1.37851 |
| 3rd Low | 1.37710 |