USD/CAD – 30M – SELLThe combination US Dollar/Canadian Dollar (USD/CAD) jumps from the descending trendline downwards
A continuation of the downward movement downwards to the next support at 1.38389 will persist.
Caution: A possible trend reversal in the direction of resistance at 1.39845 is within the realm of possibility.
Consider stop-loss settings accordingly.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 1.42734 |
| 2nd High | 1.40949 |
| Next High | 1.39845 |
| Current Price | 1.38797 |
| Next Low | 1.38389 |
| 2nd Low | |
| 3rd Low |
1.39845 – 1.40949 – 1.42734 – 1.38389 – 1.39511 – 1.40745