USD/CAD – 30M – BUYThe combination breaks through the ascending trendline up.
A continuation of the uptrend up to the next resistance level at 1.35894 is certain.
Caution: A possible reversal of the trend in the direction of the support level at 1.35170 is also possible.
Consider stop-loss settings accordingly.
Correction of the major bullish trend halted around the Fibonacci 0-Level.Continuation of the current ascending trend is certain. Current target is 1.3567 at the Fibonacci level 0-Level. Caution: A possible reversal of the trend in the direction of the resistance zone at 1.35894 is also possible.
Consider stop-loss settings accordingly.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 1.36470 |
| 2nd High | 1.36002 |
| Next High | 1.35894 |
| Current Price | 1.35864 |
| Next Low | 1.35170 |
| 2nd Low | 1.35065 |
| 3rd Low | 1.34720 |