USD/CAD – 30M – BUYThe combination moves from the ascending trendline up.
A continuation of the upward movement upwards to the next resistance line at 1.38492 is expected.
Caution: A possible counter-trend in the direction of the support level at 1.38253 should be noted.
In the case of a trade, always set appropriate stop-loss settings.
Correction of the major bullish trend halted around the Fibonacci 0.24-Level.Continuation of the current ascending trend is expected. Current target is 1.38492 at the Fibonacci level 0-Level. Caution: A possible counter-trend in the direction of the resistance line at 1.38492 should be noted.
In the case of a trade, always set appropriate stop-loss settings.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | |
| 2nd High | |
| Next High | 1.38492 |
| Current Price | 1.38346 |
| Next Low | 1.38253 |
| 2nd Low | 1.37851 |
| 3rd Low | 1.37710 |