USD/CAD – 1H – BUYThe currency pair jumps from the ascending trendline up.
A continuation of the uptrend up to the next resistance level at 1.36226 is likely expected.
Caution: A possible counter-trend in the direction of support at 1.35799 should always be considered.
Consider stop-loss settings accordingly.
Correction of the major bullish trend halted around the Fibonacci 1-Level.Continuation of the current ascending trend is likely expected. Current target is 1.35755494 at the Fibonacci level 0.79-Level. Caution: A possible counter-trend in the direction of the resistance zone at 1.36226 should always be considered.
Consider stop-loss settings accordingly.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 1.37368 |
| 2nd High | 1.36845 |
| Next High | 1.36226 |
| Current Price | 1.36182 |
| Next Low | 1.35799 |
| 2nd Low | 1.35664 |
| 3rd Low | 1.35647 |