USD/CAD – 1H – BUYThe combination goes from the bullish trendline downwards
A bearish movement downwards to the next support level at 1.35415 will persist.
Caution: A possible counter-trend in the direction of the resistance zone at 1.35894 is also possible.
In case of a trade, appropriate stop-loss settings should be considered.
Correction of the major bearish trend broke the Fibonacci 0.24-Level.Continuation of the current ascending trend will persist. Current target is 1.358985 at the Fibonacci level 0.5-Level. Caution: A possible counter-trend in the direction of the resistance zone at 1.35894 is also possible.
In case of a trade, appropriate stop-loss settings should be considered.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 1.36845 |
| 2nd High | 1.36470 |
| Next High | 1.35894 |
| Current Price | 1.35798 |
| Next Low | 1.35415 |
| 2nd Low | 1.35327 |
| 3rd Low | 1.34654 |