USD/CAD – 1H – BUYThe pair jumps from the descending trendline downwards
A continuation of the bearish trend down to the next support at 1.38762 is certain.
Caution: A possible reversal of the trend in the direction of the resistance level at could be enabled.
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 certain. Current target is 1.39293 at the Fibonacci level 0-Level. Caution: A possible reversal of the trend in the direction of the resistance level at could be enabled.
In the case of a trade, always set appropriate stop-loss settings.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | |
| 2nd High | |
| Next High | |
| Current Price | 1.39394 |
| Next Low | 1.38762 |
| 2nd Low | 1.38378 |
| 3rd Low | 1.38122 |