USD/CAD – 30M – BUYThe combination breaks through the bearish trendline up.
An ascending movement upwards to the next resistance level at 1.38382 is likely expected.
Caution: A possible counter-trend in the direction of the support line at 1.37851 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 is likely expected. Current target is 1.38146 at the Fibonacci level 0-Level. Caution: A possible counter-trend in the direction of the resistance level at 1.38382 is within the realm of possibility.
Consider stop-loss settings accordingly.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | |
| 2nd High | |
| Next High | 1.38382 |
| Current Price | 1.38254 |
| Next Low | 1.37851 |
| 2nd Low | 1.37710 |
| 3rd Low | 1.37468 |