USD/CAD – 30M – BUYThe currency pair US Dollar/Canadian Dollar (USD/CAD) jumps from the bullish trendline downwards
A bearish descent downwards to the next support line at 1.39932 will continue.
Caution: A possible change in the direction of the resistance zone at 1.40710 should be noted.
Consider stop-loss settings accordingly.
Correction of the major bullish trend halted around the Fibonacci 0.24-Level.Continuation of the current ascending trend will continue. Target of the current trend is 1.4071 at the Fibonacci level 0-Level. Caution: A possible change in the direction of the resistance zone at 1.40710 should be noted.
Consider stop-loss settings accordingly.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | |
| 2nd High | |
| Next High | 1.40710 |
| Current Price | 1.40683 |
| Next Low | 1.39932 |
| 2nd Low | 1.39304 |
| 3rd Low | 1.39249 |