USD/CAD – 30M – SELLThe pair goes from the bearish trendline down.
A continuation of the downward movement down to the next support level at 1.35006 is expected.
Caution: A possible reversal of the trend in the direction of the resistance line at 1.35271 is within the realm of possibility.
Consider stop-loss settings accordingly.
Correction of the major bullish trend broke through the Fibonacci 0.24-Level.Continuation of the current descending trend is expected. Current target is 1.349215 at the Fibonacci level 0.5-Level. Caution: A possible reversal of the trend in the direction of the support level at 1.35271 is within the realm of possibility.
Consider stop-loss settings accordingly.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 1.35409 |
| 2nd High | 1.35292 |
| Next High | 1.35271 |
| Current Price | 1.35093 |
| Next Low | 1.35006 |
| 2nd Low | 1.34633 |
| 3rd Low | 1.34623 |