USD/CAD – 30M – SELLThe combination moves from the bearish trendline down.
A continuation of the downtrend down to the next support level at 1.39249 is considered certain.
Caution: A possible counter-trend in the direction of the resistance zone at 1.39593 is also possible.
In case of a trade, appropriate stop-loss settings should be considered.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | |
| 2nd High | 1.39670 |
| Next High | 1.39593 |
| Current Price | 1.39450 |
| Next Low | 1.39249 |
| 2nd Low | 1.39166 |
| 3rd Low | 1.39142 |