USD/CAD – 1H – BUYThe currency pair breaks through the ascending trendline upwards
A continuation of the upward movement up to the next resistance at 1.36470 is considered certain.
Caution: A possible change in the direction of the support level at 1.34720 could be enabled.
Consider stop-loss settings accordingly.
Correction of the major bullish trend halted around the Fibonacci 0-Level.Continuation of the current ascending trend is considered certain. Current target is 1.36391 at the Fibonacci level 0-Level. Caution: A possible change in the direction of the resistance line at 1.36470 could be enabled.
Consider stop-loss settings accordingly.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 1.37368 |
| 2nd High | 1.36845 |
| Next High | 1.36470 |
| Current Price | 1.36434 |
| Next Low | 1.34720 |
| 2nd Low | 1.34633 |
| 3rd Low | 1.34572 |