USD/CAD – 30M – SELLThe currency pair jumps from the bullish trendline down.
A bearish descent downwards to the next support line at 1.38378 will continue.
Caution: A possible reversal of the trend in the direction of the resistance zone at 1.38997 could happen.
In the case of a trade, always set appropriate stop-loss settings.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | |
| 2nd High | 1.39080 |
| Next High | 1.38997 |
| Current Price | 1.38979 |
| Next Low | 1.38378 |
| 2nd Low | 1.38122 |
| 3rd Low | 1.37851 |