USD/CAD – 1H – SELLThe combination moves from the ascending trendline down.
A bearish trend downwards to the next support level at 1.34572 is expected.
Caution: A possible trend reversal in the direction of the resistance level at 1.35817 is within the realm of possibility.
In case of a trade, appropriate stop-loss settings should be considered.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 1.36470 |
| 2nd High | 1.35894 |
| Next High | 1.35817 |
| Current Price | 1.34783 |
| Next Low | 1.34572 |
| 2nd Low | 1.34190 |
| 3rd Low |