USD/CAD – 1H – SELLThe currency pair moves from the ascending trendline down.
A descent downwards to the next support at 1.34720 will continue.
Caution: A possible reversal of the trend in the direction of the resistance level at 1.36391 is within the realm of possibility.
In case of a trade, appropriate stop-loss settings should be considered.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 1.36845 |
| 2nd High | 1.36470 |
| Next High | 1.36391 |
| Current Price | 1.36392 |
| Next Low | 1.34720 |
| 2nd Low | 1.34633 |
| 3rd Low | 1.34572 |