USD/CAD – 1H – SELLCorrection of the major bullish trend broke through the Fibonacci 0.24-Level.Continuation of the current descending trend will continue. Current target is 1.37869 at the Fibonacci level 0.5-Level. Caution: A possible trend reversal in the direction of support at 1.38492 could be enabled.
Consider stop-loss settings accordingly.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | |
| 2nd High | |
| Next High | 1.38492 |
| Current Price | 1.38163 |
| Next Low | 1.37851 |
| 2nd Low | 1.37468 |
| 3rd Low | 1.37246 |