USD/CAD – 30M – BUYCorrection of the major bearish trend broke the Fibonacci 0.24-Level.Continuation of the current ascending trend is likely expected. Target of the current trend is 1.35935 at the Fibonacci level 0.5-Level. Caution: A possible counter-trend in the direction of the resistance level at 1.36043 is within the realm of possibility.
Consider stop-loss settings accordingly.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 1.36230 |
| 2nd High | 1.36226 |
| Next High | 1.36043 |
| Current Price | 1.35810 |
| Next Low | 1.35657 |
| 2nd Low | 1.35647 |
| 3rd Low | 1.35644 |