USD/CAD – 1H – SELLThe currency pair jumps from the ascending trendline downwards
The bearish trend down to the next support at 1.38762 is likely expected.
Caution: A possible counter-trend in the direction of resistance at 1.39080 should always be considered.
In the case of a trade, always set appropriate stop-loss settings.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | |
| 2nd High | |
| Next High | 1.39080 |
| Current Price | 1.39170 |
| Next Low | 1.38762 |
| 2nd Low | 1.38378 |
| 3rd Low | 1.38122 |