USD/CAD – 30M – SELLThe currency pair US Dollar/Canadian Dollar (USD/CAD) moves from the descending trendline down.
A continuation of the bearish trend down to the next support level at 1.39508 is likely expected.
Caution: A possible reversal of the trend in the direction of the resistance level at 1.41449 could be enabled.
In case of a trade, appropriate stop-loss settings should be considered.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | |
| 2nd High | 1.41778 |
| Next High | 1.41449 |
| Current Price | 1.40851 |
| Next Low | 1.39508 |
| 2nd Low | 1.39273 |
| 3rd Low | 1.39249 |