USD/CAD – 30M – SELLThe combination US Dollar/Canadian Dollar (USD/CAD) jumps from the ascending trendline downwards
A bearish trend down to the next support level at 1.37544 is considered certain.
Caution: A possible reversal of the trend in the direction of resistance at 1.38383 could be enabled.
In case of a trade, appropriate stop-loss settings should be considered.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 1.38981 |
| 2nd High | 1.38886 |
| Next High | 1.38383 |
| Current Price | 1.38180 |
| Next Low | 1.37544 |
| 2nd Low | 1.37215 |
| 3rd Low | 1.36859 |
1.38383 – 1.38355 – 1.37389 – 1.37544 – 1.37215 – 1.36859
Trading Signals: FOREX – USD – USD/CAD – CAD – Three Outside Down