USD/CAD – 30M – BUYThe combination US Dollar/Canadian Dollar (USD/CAD) moves from the descending trendline down.
A continuation of the bearish trend down to the next support line at 1.40040 will continue.
Caution: A possible reversal of the trend in the direction of the resistance line at 1.41023 is also possible.
Please make appropriate stop-loss settings in the case of a trade.
Correction of the major bullish trend halted around the Fibonacci 0.7-Level.Continuation of the current ascending trend will continue. Target of the current trend is 1.40493 at the Fibonacci level 0.5-Level. Caution: A possible reversal of the trend in the direction of the resistance line at 1.41023 is also possible.
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 | 1.40327 |
| Next Low | 1.40040 |
| 2nd Low | 1.39932 |
| 3rd Low | 1.39304 |