USD/CAD – 1H – SELLThe pair moves from the bullish trendline downwards
A descending movement downwards to the next support line at 1.34572 is certain.
Caution: A possible change in the direction of the resistance level at 1.34867 could happen.
In the case of a trade, always set appropriate stop-loss settings.
Correction of the major bearish trend halted around the Fibonacci 0.24-Level.Continuation of the current descending trend is certain. Current target is 1.3419 at the Fibonacci level 0-Level. Caution: A possible change in the direction of support at 1.34867 could happen.
In the case of a trade, always set appropriate stop-loss settings.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 1.35894 |
| 2nd High | 1.35817 |
| Next High | 1.34867 |
| Current Price | 1.34669 |
| Next Low | 1.34572 |
| 2nd Low | 1.34190 |
| 3rd Low |