Buy USD/CAD – 30M – BUY

Correction of the major bearish trend halted around the Fibonacci 0-Level.Continuation of the current descending trend will continue. Current target is 1.43443 at the Fibonacci level 0-Level. Caution: A possible change in the direction of the support line at 1.44326 could occur.
In case of a trade, appropriate stop-loss settings should be considered.

And also a ‘Matching Low’ chart pattern is discovered. The candles form ‘Matching Low’. which is a positive chart scenario. The currency pair is likely to rise. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Matching Low’ heading up is 61% (Bull & Bear Market).

Support & Resistance Price Range*
3rd High 1.44669
2nd High 1.44492
Next High 1.44326
Current Price 1.43421
Next Low 1.43349
2nd Low 1.43043
3rd Low 1.42984

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