USD/CAD – 30M – SELLThe pair US Dollar/Canadian Dollar (USD/CAD) goes from the bearish trendline down.
A continuation of the downward movement downwards to the next support line at 1.37409 is likely expected.
Caution: A possible change in the direction of the resistance level at 1.37877 should be noted.
In case of a trade, appropriate stop-loss settings should be considered.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 1.38675 |
| 2nd High | 1.38575 |
| Next High | 1.37877 |
| Current Price | 1.37851 |
| Next Low | 1.37409 |
| 2nd Low | 1.36012 |
| 3rd Low | 1.35665 |
1.37877 – 1.38575 – 1.38568 – 1.37409 – 1.3769 – 1.37825 — 58.701069744903 – 54.82216502787 — 5.5406247565631 – 5.5406247565631 – 12.753212042465 – 5.5406247565631
Trading Signals: FOREX – USD – USD/CAD – CAD – – Double bottom chart pattern – –