USD/CAD – 1H – BUYThe pair moves from the ascending trendline down.
A bearish movement down to the next support at 1.34190 will persist.
Caution: A possible trend reversal in the direction of the resistance zone at 1.35817 could occur.
Consider stop-loss settings accordingly.
Correction of the major bearish trend broke through the Fibonacci 0.24-Level.Continuation of the current ascending trend will persist. Target of the current trend is 1.3533 at the Fibonacci level 0.5-Level. Caution: A possible trend reversal in the direction of the resistance zone at 1.35817 could occur.
Consider stop-loss settings accordingly.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 1.36470 |
| 2nd High | 1.35894 |
| Next High | 1.35817 |
| Current Price | 1.34843 |
| Next Low | 1.34190 |
| 2nd Low | |
| 3rd Low |