USD/CAD – 1H – BUYCorrection of the major bullish trend halted around the Fibonacci 0-Level.Continuation of the current ascending trend is considered certain. Current target is 1.35907 at the Fibonacci level 0-Level. Caution: A possible counter-trend in the direction of the resistance level at 1.36470 is within the realm of possibility.
In case of a trade, appropriate stop-loss settings should be considered.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 1.37368 |
| 2nd High | 1.36845 |
| Next High | 1.36470 |
| Current Price | 1.36014 |
| Next Low | 1.34720 |
| 2nd Low | 1.34633 |
| 3rd Low | 1.34572 |