USD/CAD – 1H – BUYThe combination US Dollar/Canadian Dollar (USD/CAD) goes from the ascending trendline upwards
A continuation of the bullish trend up to the next resistance at 1.41023 will persist.
Caution: A possible change in the direction of the support level at 1.40040 is within the realm of possibility.
In case of a trade, appropriate stop-loss settings should be considered.
Correction of the major bullish trend halted around the Fibonacci 0.5-Level.Continuation of the current ascending trend will persist. Current target is 1.4062802 at the Fibonacci level 0.24-Level. Caution: A possible change in the direction of resistance at 1.41023 is within the realm of possibility.
In case of a trade, appropriate stop-loss settings should be considered.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | |
| 2nd High | 1.41054 |
| Next High | 1.41023 |
| Current Price | 1.40215 |
| Next Low | 1.40040 |
| 2nd Low | 1.39304 |
| 3rd Low | 1.39249 |