USD/CAD – 30M – SELLThe currency pair jumps from the bearish trendline down.
A continuation of the bearish trend down to the next support at 1.38141 is certain.
Caution: A possible counter-trend in the direction of the resistance line at 1.38323 is within the realm of possibility.
In case of a trade, appropriate stop-loss settings should be considered.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 1.38492 |
| 2nd High | 1.38362 |
| Next High | 1.38323 |
| Current Price | 1.38193 |
| Next Low | 1.38141 |
| 2nd Low | 1.38133 |
| 3rd Low | 1.37851 |