USD/CAD – 30M – SELLThe pair goes from the bearish trendline downwards
A continuation of the downtrend downwards to the next support level at 1.37696 will continue.
Caution: A possible change in the direction of the resistance line at 1.37928 could occur.
In case of a trade, appropriate stop-loss settings should be considered.
Correction of the major bearish trend halted around the Fibonacci 0.24-Level.Continuation of the current descending trend will continue. Target of the current trend is 1.37696 at the Fibonacci level 0-Level. Caution: A possible change in the direction of the support zone at 1.37928 could occur.
In case of a trade, appropriate stop-loss settings should be considered.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | |
| 2nd High | 1.38382 |
| Next High | 1.37928 |
| Current Price | 1.37719 |
| Next Low | 1.37696 |
| 2nd Low | 1.37526 |
| 3rd Low | 1.37246 |