USD/CAD – 30M – BUYThe combination jumps from the ascending trendline down.
A descending movement downwards to the next support level at 1.35799 is certain.
Caution: A possible trend reversal in the direction of the resistance line at 1.36165 could occur.
Consider stop-loss settings accordingly.
Correction of the major bullish trend halted around the Fibonacci 0.5-Level.Continuation of the current ascending trend is certain. Current target is 1.36045112 at the Fibonacci level 0.24-Level. Caution: A possible trend reversal in the direction of the resistance line at 1.36165 could occur.
Consider stop-loss settings accordingly.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 1.36230 |
| 2nd High | 1.36226 |
| Next High | 1.36165 |
| Current Price | 1.35974 |
| Next Low | 1.35799 |
| 2nd Low | 1.35664 |
| 3rd Low | 1.35657 |