USD/CAD – 1H – SELLThe pair US Dollar/Canadian Dollar (USD/CAD) moves from the descending trendline downwards
A continuation of the downward movement down to the next support level at 1.39308 is certain.
Caution: A possible reversal of the trend in the direction of resistance at 1.39779 could be enabled.
In case of a trade, appropriate stop-loss settings should be considered.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 1.40363 |
| 2nd High | 1.40142 |
| Next High | 1.39779 |
| Current Price | 1.39700 |
| Next Low | 1.39308 |
| 2nd Low | 1.39304 |
| 3rd Low | 1.39249 |