USD/CAD – 1H – SELLCorrection of the major bullish trend broke the Fibonacci 0.24-Level.Continuation of the current descending trend is expected. Target of the current trend is 1.3544 at the Fibonacci level 0.5-Level. Caution: A possible trend reversal in the direction of the support level at 1.36043 could occur.
Consider stop-loss settings accordingly.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 1.36845 |
| 2nd High | 1.36226 |
| Next High | 1.36043 |
| Current Price | 1.35784 |
| Next Low | 1.35647 |
| 2nd Low | 1.35644 |
| 3rd Low | 1.35459 |