USD/CAD – 30M – BUYThe combination goes from the bullish trendline up.
A continuation of the uptrend upwards to the next resistance line at 1.39293 is likely expected.
Caution: A possible change in the direction of the support line at 1.38762 is also possible.
Consider stop-loss settings accordingly.
Correction of the major bullish trend halted around the Fibonacci 0.5-Level.Continuation of the current ascending trend is likely expected. Current target is 1.39167684 at the Fibonacci level 0.24-Level. Caution: A possible change in the direction of the resistance zone at 1.39293 is also possible.
Consider stop-loss settings accordingly.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | |
| 2nd High | |
| Next High | 1.39293 |
| Current Price | 1.39159 |
| Next Low | 1.38762 |
| 2nd Low | 1.38378 |
| 3rd Low | 1.38122 |