USD/CAD – 30M – SELLCorrection of the major bullish trend broke through the Fibonacci 0.24-Level.Continuation of the current descending trend is certain. Target of the current trend is 1.404585 at the Fibonacci level 0.5-Level. Caution: A possible counter-trend in the direction of the support level at 1.40791 could be enabled.
Consider stop-loss settings accordingly.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 1.40819 |
| 2nd High | 1.40796 |
| Next High | 1.40791 |
| Current Price | 1.40573 |
| Next Low | 1.40515 |
| 2nd Low | 1.40089 |
| 3rd Low | 1.39847 |