USD/CAD – 1H – BUYThe combination breaks through the descending trendline up.
A bullish ascent upwards to the next resistance level at 1.35393 is certain.
Caution: A possible reversal of the trend in the direction of the support zone at 1.34720 should be noted.
In the case of a trade, always set appropriate stop-loss settings.
Correction of the major bullish trend halted around the Fibonacci 0.24-Level.Continuation of the current ascending trend is certain. Current target is 1.35393 at the Fibonacci level 0-Level. Caution: A possible reversal of the trend in the direction of the resistance line at 1.35393 should be noted.
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 | 1.35393 |
| Current Price | 1.35321 |
| Next Low | 1.34720 |
| 2nd Low | 1.34633 |
| 3rd Low | 1.34572 |