USD/CAD – 30M – SELLThe currency pair jumps from the ascending trendline downwards
A descending movement downwards to the next support at 1.38378 will persist.
Caution: A possible trend reversal in the direction of resistance at 1.38560 should be noted.
Consider stop-loss settings accordingly.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | |
| 2nd High | 1.38682 |
| Next High | 1.38560 |
| Current Price | 1.38981 |
| Next Low | 1.38378 |
| 2nd Low | 1.38122 |
| 3rd Low | 1.37851 |