The currency pair US Dollar/Canadian Dollar (USD/CAD) moves from the ascending trendline down.
A descent down to the next support line at 1.40394 is likely expected.
Caution: A possible reversal of the trend in the direction of resistance at 1.40649 should be noted.
Consider stop-loss settings accordingly.
Furthermore a ‘%K crosses below %D’ indicator layout is detected. The indicator is ‘%K crosses below %D’. which could be a negative signal. The currency pair could go down.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 1.41396 |
| 2nd High | 1.41258 |
| Next High | 1.40649 |
| Current Price | 1.40974 |
| Next Low | 1.40394 |
| 2nd Low | 1.3971 |
| 3rd Low | 1.39265 |
1.40649 – 1.4062 – 1.40576 – 1.40394 – 1.40413 – 1.3971 —
1.41031 – 1.41012 —
77.221135123043 – 68.687250322953 —
– —
1.40649 – 1763580600