USD/CAD – 30M – SELLThe pair moves from the ascending trendline downwards
A descent downwards to the next support line at 1.38182 is certain.
Caution: A possible trend reversal in the direction of the resistance line at 1.39222 should be noted.
In the case of a trade, always set appropriate stop-loss settings.
Correction of the major bearish trend halted around the Fibonacci 0.79-Level.Continuation of the current descending trend is certain. Target of the current trend is 1.388835 at the Fibonacci level 0.5-Level. Caution: A possible trend reversal in the direction of support at 1.39222 should be noted.
In the case of a trade, always set appropriate stop-loss settings.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | |
| 2nd High | 1.39585 |
| Next High | 1.39222 |
| Current Price | 1.39140 |
| Next Low | 1.38182 |
| 2nd Low | 1.38122 |
| 3rd Low | 1.37851 |