USD/CAD – 30M – SELLThe pair jumps from the descending trendline down.
A continuation of the downward movement downwards to the next support level at 1.38122 will persist.
Caution: A possible trend reversal in the direction of resistance at 1.38560 could occur.
In case of a trade, appropriate stop-loss settings should be considered.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | |
| 2nd High | 1.38682 |
| Next High | 1.38560 |
| Current Price | 1.38449 |
| Next Low | 1.38122 |
| 2nd Low | 1.37851 |
| 3rd Low | 1.37710 |