USD/CAD – 1H – SELLThe pair moves from the ascending trendline down.
The bearish trend down to the next support at 1.35664 is expected.
Caution: A possible counter-trend in the direction of the resistance zone at 1.36072 is within the realm of possibility.
Please make appropriate stop-loss settings in the case of a trade.
Correction of the major bullish trend broke through the Fibonacci 0.24-Level.Continuation of the current descending trend is expected. Target of the current trend is 1.358425 at the Fibonacci level 0.5-Level. Caution: A possible counter-trend in the direction of the support zone at 1.36072 is within the realm of possibility.
Please make appropriate stop-loss settings in the case of a trade.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 1.36845 |
| 2nd High | 1.36226 |
| Next High | 1.36072 |
| Current Price | 1.35883 |
| Next Low | 1.35664 |
| 2nd Low | 1.35647 |
| 3rd Low | 1.35644 |