The currency pair US Dollar/Canadian Dollar (USD/CAD) jumps from the ascending trendline downwards
A descending movement down to the next support at 1.41026 is expected.
Caution: A possible change in the direction of the resistance zone at 1.41258 could be enabled.
In case of a trade, appropriate stop-loss settings should be considered.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 1.41401 |
| 2nd High | 1.41396 |
| Next High | 1.41258 |
| Current Price | 1.41203 |
| Next Low | 1.41026 |
| 2nd Low | 1.40911 |
| 3rd Low | 1.40889 |
1.41185 – 1.41043 – 1.41068 – 1.41026 – 1.40911 – 1.40889 —
1.41192 – 1.41237 —
56.205308284734 – 60.868414606481 —
– —
1.41185 – 1764012600
Trading Signals: FOREX – USD – USD/CAD – CAD – – Double bottom chart pattern – – – – – – – –