USD/CAD – 30M – BUYThe pair jumps from the bullish trendline down.
A descent down to the next support level at 1.37828 is certain.
Caution: A possible trend reversal in the direction of the resistance level at 1.38556 could be enabled.
In the case of a trade, always set appropriate stop-loss settings.
Correction of the major bullish trend halted around the Fibonacci 0-Level.Continuation of the current ascending trend is certain. Current target is 1.38051 at the Fibonacci level 0-Level. Caution: A possible trend reversal in the direction of the resistance level at 1.38556 could be enabled.
In the case of a trade, always set appropriate stop-loss settings.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | |
| 2nd High | 1.39463 |
| Next High | 1.38556 |
| Current Price | 1.38139 |
| Next Low | 1.37828 |
| 2nd Low | 1.37801 |
| 3rd Low | 1.37703 |