USD/CAD – 30M – SELLThe pair moves from the bullish trendline down.
A descending movement downwards to the next support level at 1.35065 is considered certain.
Caution: A possible reversal of the trend in the direction of the resistance zone at 1.35393 could happen.
In the case of a trade, always set appropriate stop-loss settings.
Correction of the major bearish trend halted around the Fibonacci 1-Level.Continuation of the current descending trend is considered certain. Current target is 1.35248978 at the Fibonacci level 0.79-Level. Caution: A possible reversal of the trend in the direction of the support level at 1.35393 could happen.
In the case of a trade, always set appropriate stop-loss settings.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 1.35817 |
| 2nd High | 1.35409 |
| Next High | 1.35393 |
| Current Price | 1.35311 |
| Next Low | 1.35065 |
| 2nd Low | 1.34720 |
| 3rd Low | 1.34633 |