USD/CAD – 30M – SELLThe pair goes from the ascending trendline downwards
A descent downwards to the next support line at 1.38762 is expected.
Caution: A possible trend reversal in the direction of resistance at 1.38997 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 | 1.39080 |
| Next High | 1.38997 |
| Current Price | 1.39170 |
| Next Low | 1.38762 |
| 2nd Low | 1.38378 |
| 3rd Low | 1.38122 |