USD/CAD – 30M – SELLThe pair moves from the bearish trendline down.
A continuation of the downtrend downwards to the next support at 1.38418 will continue.
Caution: A possible trend reversal in the direction of the resistance line at 1.38973 is within the realm of possibility.
Consider stop-loss settings accordingly.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 1.39583 |
| 2nd High | 1.39478 |
| Next High | 1.38973 |
| Current Price | 1.38866 |
| Next Low | 1.38418 |
| 2nd Low | 1.38182 |
| 3rd Low | 1.38122 |