USD/CAD – 30M – BUYThe currency pair breaks through the descending trendline upwards
An ascending movement upwards to the next resistance line at 1.39478 will continue.
Caution: A possible trend reversal in the direction of support at 1.38418 could happen.
Please make appropriate stop-loss settings in the case of a trade.
Correction of the major bullish trend halted around the Fibonacci 0.5-Level.Continuation of the current ascending trend will continue. Current target is 1.39252364 at the Fibonacci level 0.24-Level. Caution: A possible trend reversal in the direction of the resistance zone at 1.39478 could happen.
Please make appropriate stop-loss settings in the case of a trade.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 1.39585 |
| 2nd High | 1.39583 |
| Next High | 1.39478 |
| Current Price | 1.39014 |
| Next Low | 1.38418 |
| 2nd Low | 1.38182 |
| 3rd Low | 1.38122 |