USD/CAD – 1H – SELLThe pair moves from the descending trendline downwards
A continuation of the downtrend downwards to the next support at 1.38745 is expected.
Caution: A possible change in the direction of resistance at 1.39064 is also possible.
In case of a trade, appropriate stop-loss settings should be considered.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | |
| 2nd High | 1.39585 |
| Next High | 1.39064 |
| Current Price | 1.38809 |
| Next Low | 1.38745 |
| 2nd Low | 1.38378 |
| 3rd Low | 1.38122 |