USD/CAD – 1H – BUYThe pair US Dollar/Canadian Dollar (USD/CAD) goes from the bullish trendline downwards
The bearish trend downwards to the next support level at 1.39308 will persist.
Caution: A possible counter-trend in the direction of the resistance level at 1.40142 could occur.
Consider stop-loss settings accordingly.
Correction of the major bearish trend broke through the Fibonacci 0.24-Level.Continuation of the current ascending trend will persist. Current target is 1.401655 at the Fibonacci level 0.5-Level. Caution: A possible counter-trend in the direction of the resistance level at 1.40142 could occur.
Consider stop-loss settings accordingly.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 1.41023 |
| 2nd High | 1.40363 |
| Next High | 1.40142 |
| Current Price | 1.40039 |
| Next Low | 1.39308 |
| 2nd Low | 1.39304 |
| 3rd Low | 1.39249 |