USD/CAD – 1H – SELLThe combination goes from the ascending trendline down.
A descending movement down to the next support level at 1.37851 is expected.
Caution: A possible trend reversal in the direction of the resistance level at 1.38492 is within the realm of possibility.
Consider stop-loss settings accordingly.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | |
| 2nd High | |
| Next High | 1.38492 |
| Current Price | 1.38203 |
| Next Low | 1.37851 |
| 2nd Low | 1.37468 |
| 3rd Low | 1.37246 |