USD/CAD – 30M – BUYThe combination breaks through the bearish trendline upwards
A bullish movement up to the next resistance line at 1.35409 is certain.
Caution: A possible trend reversal in the direction of the support level at 1.34865 is within the realm of possibility.
In case of a trade, appropriate stop-loss settings should be considered.
Correction of the major bearish trend broke through the Fibonacci 0.24-Level.Continuation of the current ascending trend is certain. Target of the current trend is 1.353795 at the Fibonacci level 0.5-Level. Caution: A possible trend reversal in the direction of the resistance level at 1.35409 is within the realm of possibility.
In case of a trade, appropriate stop-loss settings should be considered.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 1.35894 |
| 2nd High | 1.35817 |
| Next High | 1.35409 |
| Current Price | 1.35285 |
| Next Low | 1.34865 |
| 2nd Low | 1.34654 |
| 3rd Low | 1.34653 |