USD/CAD – 30M – BUYThe combination moves from the bearish trendline downwards
A continuation of the bearish trend down to the next support level at 1.38182 will continue.
Caution: A possible change in the direction of resistance at 1.39381 could occur.
In case of a trade, appropriate stop-loss settings should be considered.
Correction of the major bearish trend broke through the Fibonacci 0.79-Level.Continuation of the current ascending trend will continue. Current target is 1.39585 at the Fibonacci level 1-Level. Caution: A possible change in the direction of resistance at 1.39381 could occur.
In case of a trade, appropriate stop-loss settings should be considered.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | |
| 2nd High | 1.39585 |
| Next High | 1.39381 |
| Current Price | 1.39376 |
| Next Low | 1.38182 |
| 2nd Low | 1.38122 |
| 3rd Low | 1.37851 |