USD/CAD – 1H – SELLThe combination jumps from the ascending trendline down.
A bearish descent down to the next support level at 1.38418 is likely expected.
Caution: A possible reversal of the trend in the direction of the resistance zone at 1.39583 should always be considered.
In the case of a trade, always set appropriate stop-loss settings.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | |
| 2nd High | 1.39585 |
| Next High | 1.39583 |
| Current Price | 1.39483 |
| Next Low | 1.38418 |
| 2nd Low | 1.38182 |
| 3rd Low | 1.38122 |