USD/CAD – 1H – SELL
The pair moves from the descending trendline downwards
A continuation of the downtrend downwards to the next support at 1.38745 is expected.
Caution: A possible change in the direction of resistance at 1.39064 is also possible.
In case of a trade, appropriate stop-loss settings should be considered.
Support & Resistance | Price Range* |
---|---|
3rd High | |
2nd High | 1.39585 |
Next High | 1.39064 |
Current Price | 1.38809 |
Next Low | 1.38745 |
2nd Low | 1.38378 |
3rd Low | 1.38122 |