The pair US Dollar/Canadian Dollar (USD/CAD) jumps from the bearish trendline downwards
A continuation of the downward movement down to the next support at 1.366 is certain.
Caution: A possible counter-trend in the direction of the resistance line at 1.37142 could happen.
In case of a trade, appropriate stop-loss settings should be considered.
Correction of the major bearish trend halted around the Fibonacci 0.79-Level.Continuation of the current descending trend is certain. Current target is 1.36725 at the Fibonacci level 0.5-Level. Caution: A possible counter-trend in the direction of the support line at 1.37142 could happen.
In case of a trade, appropriate stop-loss settings should be considered.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 1.37879 |
| 2nd High | 1.37378 |
| Next High | 1.37142 |
| Current Price | 1.36756 |
| Next Low | 1.366 |
| 2nd Low | 1.3643 |
| 3rd Low | 1.36308 |
1.37142 – 1.37139 – 1.36791 – 1.366 – 1.3643 – 1.36308 —
1.37122 – 1.36975 —
67.386512415204 – 52.172722280459 —
– —
1.37142 – 1777010400
Trading Signals: FOREX – USD – USD/CAD – CAD – – – – – – – – – –