USD/CAD – 30M – SELLCorrection of the major bearish trend halted around the Fibonacci 0.5-Level.Continuation of the current descending trend is likely expected. Current target is 1.39493424 at the Fibonacci level 0.24-Level. Caution: A possible trend reversal in the direction of the support level at 1.40207 could happen.
In case of a trade, appropriate stop-loss settings should be considered.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 1.41023 |
| 2nd High | 1.40363 |
| Next High | 1.40207 |
| Current Price | 1.39553 |
| Next Low | 1.39273 |
| 2nd Low | 1.39249 |
| 3rd Low | 1.39166 |