USD/CAD – 30M – BUYThe combination moves from the bullish trendline down.
A bearish trend down to the next support level at 1.34806 is expected.
Caution: A possible counter-trend in the direction of resistance at 1.35393 could occur.
Consider stop-loss settings accordingly.
Correction of the major bearish trend broke through the Fibonacci 0-Level.Continuation of the current ascending trend is expected. Target of the current trend is 1.34944532 at the Fibonacci level 0.24-Level. Caution: A possible counter-trend in the direction of resistance at 1.35393 could occur.
Consider stop-loss settings accordingly.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 1.35817 |
| 2nd High | 1.35409 |
| Next High | 1.35393 |
| Current Price | 1.34868 |
| Next Low | 1.34806 |
| 2nd Low | 1.34633 |
| 3rd Low | 1.34623 |