USD/CAD – 30M – SELLThe currency pair jumps from the ascending trendline down.
A bearish movement downwards to the next support line at 1.38762 will continue.
Caution: A possible counter-trend in the direction of the resistance zone at 1.39293 should be noted.
Consider stop-loss settings accordingly.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | |
| 2nd High | |
| Next High | 1.39293 |
| Current Price | 1.39136 |
| Next Low | 1.38762 |
| 2nd Low | 1.38378 |
| 3rd Low | 1.38122 |