USD/CAD – 1H – SELLThe pair moves from the bullish trendline downwards
A bearish descent down to the next support level at 1.39249 is expected.
Caution: A possible counter-trend in the direction of resistance at 1.39670 is within the realm of possibility.
In case of a trade, appropriate stop-loss settings should be considered.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | |
| 2nd High | |
| Next High | 1.39670 |
| Current Price | 1.39475 |
| Next Low | 1.39249 |
| 2nd Low | 1.38418 |
| 3rd Low | 1.38182 |