USD/CAD – 30M – BUYThe combination breaks through the descending trendline up.
A bullish movement up to the next resistance level at 1.36002 is certain.
Caution: A possible trend reversal in the direction of the support zone at 1.35539 could happen.
Consider stop-loss settings accordingly.
Correction of the major bearish trend broke through the Fibonacci 0.24-Level.Continuation of the current ascending trend is certain. Target of the current trend is 1.358985 at the Fibonacci level 0.5-Level. Caution: A possible trend reversal in the direction of the resistance level at 1.36002 could happen.
Consider stop-loss settings accordingly.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 1.36845 |
| 2nd High | 1.36470 |
| Next High | 1.36002 |
| Current Price | 1.35710 |
| Next Low | 1.35539 |
| 2nd Low | 1.35465 |
| 3rd Low | 1.35327 |