USD/CAD – 1H – BUYThe pair US Dollar/Canadian Dollar (USD/CAD) goes from the bearish trendline down.
A continuation of the downward movement down to the next support at 1.37215 is certain.
Caution: A possible counter-trend in the direction of the resistance level at 1.38886 is also possible.
In the case of a trade, always set appropriate stop-loss settings.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 1.39952 |
| 2nd High | 1.39681 |
| Next High | 1.38886 |
| Current Price | 1.38071 |
| Next Low | 1.37215 |
| 2nd Low | 1.36859 |
| 3rd Low |
1.37389 – 1.38886 – 1.39681 – 1.37215 – 1.36859 – 1.38137