USD/CAD – 30M – BUYThe currency pair breaks through the bullish trendline up.
A continuation of the bullish trend upwards to the next resistance at 1.38556 will persist.
Caution: A possible reversal of the trend in the direction of the support level at 1.37703 could occur.
Consider stop-loss settings accordingly.
Correction of the major bullish trend halted around the Fibonacci 0-Level.Continuation of the current ascending trend will persist. Current target is 1.3789 at the Fibonacci level 0-Level. Caution: A possible reversal of the trend in the direction of the resistance line at 1.38556 could occur.
Consider stop-loss settings accordingly.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | |
| 2nd High | 1.39463 |
| Next High | 1.38556 |
| Current Price | 1.37955 |
| Next Low | 1.37703 |
| 2nd Low | 1.37526 |
| 3rd Low | 1.37246 |