USD/CAD – 1H – SELLThe combination moves from the descending trendline downwards
A continuation of the downward movement downwards to the next support at 1.37696 will continue.
Caution: A possible trend reversal in the direction of the resistance level at 1.37928 is within the realm of possibility.
Please make appropriate stop-loss settings in the case of a trade.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | |
| 2nd High | 1.38382 |
| Next High | 1.37928 |
| Current Price | 1.37636 |
| Next Low | 1.37696 |
| 2nd Low | 1.37246 |
| 3rd Low | 1.34720 |