USD/CAD – 1H – BUYThe currency pair moves from the bullish trendline up.
A continuation of the uptrend up to the next resistance level at will continue.
Caution: A possible trend reversal in the direction of the support level at 1.38818 is within the realm of possibility.
Please make appropriate stop-loss settings in the case of a trade.
Correction of the major bullish trend halted around the Fibonacci 0.24-Level.Continuation of the current ascending trend will continue. Target of the current trend is 1.3908 at the Fibonacci level 0-Level. Caution: A possible trend reversal in the direction of the resistance line at is within the realm of possibility.
Please make appropriate stop-loss settings in the case of a trade.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | |
| 2nd High | |
| Next High | |
| Current Price | 1.39084 |
| Next Low | 1.38818 |
| 2nd Low | 1.38378 |
| 3rd Low | 1.38122 |