USD/CAD – 30M – SELLThe pair US Dollar/Canadian Dollar (USD/CAD) jumps from the bearish trendline down.
A continuation of the downtrend down to the next support line at 1.35921 will continue.
Caution: A possible counter-trend in the direction of the resistance zone at 1.36749 should be noted.
In case of a trade, appropriate stop-loss settings should be considered.
Additionally a ‘Support Level’ indicator layout is detected. The indicator shows ‘Support Level’. this is usually a bearish chart scenario. The currency pair could go down.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 1.36926 |
| 2nd High | 1.36900 |
| Next High | 1.36749 |
| Current Price | 1.36433 |
| Next Low | 1.35921 |
| 2nd Low | |
| 3rd Low |
1.36749 – 1.36743 – 1.36900 – 1.35921 – 1.35995 – 1.36496