USD/CAD – 30M – BUYThe combination moves from the descending trendline down.
A continuation of the downtrend down to the next support line at 1.34720 is expected.
Caution: A possible trend reversal in the direction of the resistance line at 1.35393 should always be considered.
Please make appropriate stop-loss settings in the case of a trade.
Correction of the major bearish trend broke the Fibonacci 0.79-Level.Continuation of the current ascending trend is expected. Current target is 1.35393 at the Fibonacci level 1-Level. Caution: A possible trend reversal in the direction of the resistance line at 1.35393 should always be considered.
Please make appropriate stop-loss settings in the case of a trade.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 1.35817 |
| 2nd High | 1.35409 |
| Next High | 1.35393 |
| Current Price | 1.35321 |
| Next Low | 1.34720 |
| 2nd Low | 1.34633 |
| 3rd Low | 1.34623 |