USD/CAD – 30M – BUYThe pair jumps from the bullish trendline upwards
A continuation of the bullish trend upwards to the next resistance level at 1.38556 will continue.
Caution: A possible reversal of the trend in the direction of the support level at 1.37828 is within the realm of possibility.
Consider stop-loss settings accordingly.
Correction of the major bullish trend halted around the Fibonacci 0-Level.Continuation of the current ascending trend will continue. Target of the current trend is 1.38051 at the Fibonacci level 0-Level. Caution: A possible reversal of the trend in the direction of the resistance zone at 1.38556 is within the realm of possibility.
Consider stop-loss settings accordingly.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | |
| 2nd High | 1.39463 |
| Next High | 1.38556 |
| Current Price | 1.38108 |
| Next Low | 1.37828 |
| 2nd Low | 1.37801 |
| 3rd Low | 1.37703 |