USD/CAD – 30M – SELL
The currency pair jumps from the ascending trendline downwards
A descending movement downwards to the next support at 1.38378 will persist.
Caution: A possible trend reversal in the direction of resistance at 1.38560 should be noted.
Consider stop-loss settings accordingly.
Support & Resistance | Price Range* |
---|---|
3rd High | |
2nd High | 1.38682 |
Next High | 1.38560 |
Current Price | 1.38981 |
Next Low | 1.38378 |
2nd Low | 1.38122 |
3rd Low | 1.37851 |