USD/CAD – 1H – SELLCorrection of the major bearish trend halted around the Fibonacci 0.79-Level.Continuation of the current descending trend is considered certain. Current target is 1.388835 at the Fibonacci level 0.5-Level. Caution: A possible trend reversal in the direction of the support zone at 1.39583 should be noted.
In case of a trade, appropriate stop-loss settings should be considered.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | |
| 2nd High | 1.39585 |
| Next High | 1.39583 |
| Current Price | 1.38904 |
| Next Low | 1.38182 |
| 2nd Low | 1.38122 |
| 3rd Low | 1.37851 |