USD/CAD – 1H – BUYThe combination US Dollar/Canadian Dollar (USD/CAD) goes from the ascending trendline up.
A continuation of the bullish trend up to the next resistance level at 1.41023 is likely expected.
Caution: A possible change in the direction of the support level at 1.40040 is within the realm of possibility.
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 is likely expected. Target of the current trend is 1.4062802 at the Fibonacci level 0.24-Level. Caution: A possible change in the direction of the resistance line at 1.41023 is within the realm of possibility.
Please make appropriate stop-loss settings in the case of a trade.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | |
| 2nd High | 1.41054 |
| Next High | 1.41023 |
| Current Price | 1.40283 |
| Next Low | 1.40040 |
| 2nd Low | 1.39304 |
| 3rd Low | 1.39249 |