USD/CAD – 30M – BUYThe pair goes from the bullish trendline up.
A continuation of the upward movement up to the next resistance at 1.36165 is considered certain.
Caution: A possible change in the direction of the support line at 1.35799 could be enabled.
In case of a trade, appropriate stop-loss settings should be considered.
Correction of the major bullish trend halted around the Fibonacci 0.7-Level.Continuation of the current ascending trend is considered certain. Current target is 1.35911 at the Fibonacci level 0.5-Level. Caution: A possible change in the direction of the resistance line at 1.36165 could be enabled.
In case of a trade, appropriate stop-loss settings should be considered.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 1.36230 |
| 2nd High | 1.36226 |
| Next High | 1.36165 |
| Current Price | 1.35940 |
| Next Low | 1.35799 |
| 2nd Low | 1.35664 |
| 3rd Low | 1.35657 |