USD/CAD – 1H – SELLThe currency pair moves from the ascending trendline down.
A bearish movement downwards to the next support line at 1.38378 is considered certain.
Caution: A possible trend reversal in the direction of resistance at is within the realm of possibility.
In case of a trade, appropriate stop-loss settings should be considered.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | |
| 2nd High | |
| Next High | |
| Current Price | 1.38981 |
| Next Low | 1.38378 |
| 2nd Low | 1.38122 |
| 3rd Low | 1.37851 |