The combination US Dollar/Canadian Dollar (USD/CAD) moves from the descending trendline down.
A continuation of the downward movement down to the next support level at 1.35907 will continue.
Caution: A possible change in the direction of the resistance level at 1.36183 could happen.
In the case of a trade, always set appropriate stop-loss settings.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 1.37590 |
| 2nd High | 1.36823 |
| Next High | 1.36183 |
| Current Price | 1.36527 |
| Next Low | 1.35907 |
| 2nd Low | 1.35563 |
| 3rd Low | 1.35395 |
1.36183 – 1.36823 – 1.37590 – 1.35907 – 1.35997 – 1.36532
Trading Signals: FOREX – USD – USD/CAD – CAD – – Double top retreat up