USD/CAD – 30M – BUYCorrection of the major bearish trend broke through the Fibonacci 0.24-Level.Continuation of the current ascending trend is likely expected. Target of the current trend is 1.358985 at the Fibonacci level 0.5-Level. Caution: A possible trend reversal in the direction of resistance at 1.35894 is also possible.
In case of a trade, appropriate stop-loss settings should be considered.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 1.36470 |
| 2nd High | 1.36002 |
| Next High | 1.35894 |
| Current Price | 1.35653 |
| Next Low | 1.35415 |
| 2nd Low | 1.35327 |
| 3rd Low | 1.34654 |