USD/CAD – 30M – SELLCorrection of the major bullish trend broke through the Fibonacci 0.24-Level.Continuation of the current descending trend is likely expected. Current target is 1.38101 at the Fibonacci level 0.5-Level. Caution: A possible reversal of the trend in the direction of support at 1.38492 should always be considered.
Consider stop-loss settings accordingly.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | |
| 2nd High | |
| Next High | 1.38492 |
| Current Price | 1.38287 |
| Next Low | 1.38253 |
| 2nd Low | 1.37851 |
| 3rd Low | 1.37710 |