Sell USD/CAD – 1H – SELL

The pair US Dollar/Canadian Dollar (USD/CAD) jumps from the bearish trendline downwards

A continuation of the downward movement down to the next support at 1.366 is certain.

Caution: A possible counter-trend in the direction of the resistance line at 1.37142 could happen.
In case of a trade, appropriate stop-loss settings should be considered.

Correction of the major bearish trend halted around the Fibonacci 0.79-Level.Continuation of the current descending trend is certain. Current target is 1.36725 at the Fibonacci level 0.5-Level. Caution: A possible counter-trend in the direction of the support line at 1.37142 could happen.
In case of a trade, appropriate stop-loss settings should be considered.

Support & Resistance Price Range*
3rd High 1.37879
2nd High 1.37378
Next High 1.37142
Current Price 1.36756
Next Low 1.366
2nd Low 1.3643
3rd Low 1.36308

1.37142 – 1.37139 – 1.36791 – 1.366 – 1.3643 – 1.36308 —
1.37122 – 1.36975 —
67.386512415204 – 52.172722280459 —
– —
1.37142 – 1777010400

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