USD/CAD – 1H – SELLThe currency pair US Dollar/Canadian Dollar (USD/CAD) moves from the descending trendline down.
A continuation of the downward movement downwards to the next support line at 1.39273 is considered certain.
Caution: A possible trend reversal in the direction of the resistance level at 1.40207 is within the realm of possibility.
Consider stop-loss settings accordingly.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 1.41023 |
| 2nd High | 1.40363 |
| Next High | 1.40207 |
| Current Price | 1.39766 |
| Next Low | 1.39273 |
| 2nd Low | 1.39249 |
| 3rd Low | 1.38418 |