The currency pair US Dollar/Canadian Dollar (USD/CAD) goes from the bearish trendline down.
A continuation of the downward movement down to the next support at 1.34929 will persist.
Caution: A possible trend reversal in the direction of the resistance level at 1.35761 should be noted.
Consider stop-loss settings accordingly.
Also there is a ‘Support Level’ indicator signal is existing. The indicator shows ‘Support Level’. which is often a bearish signal. The currency pair is likely to fall.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 1.37243 |
| 2nd High | 1.36734 |
| Next High | 1.35761 |
| Current Price | 1.35147 |
| Next Low | 1.34929 |
| 2nd Low | 1.34812 |
| 3rd Low |
1.35761 – 1.36734 – 1.37243 – 1.35229 – 1.3548 – 1.36241 —
1.35552 – 1.35255 —
46.733035296614 – 37.921999505885 —
– —
1.35761 – 1770732000
Trading Signals: FOREX – USD – USD/CAD – CAD – – – – – – – – – –