USD/CAD – 30M – BUYThe pair US Dollar/Canadian Dollar (USD/CAD) breaks through the bearish trendline up.
A bullish ascent upwards to the next resistance level at 1.40828 is likely expected.
Caution: A possible trend reversal in the direction of the support level at 1.40089 could be enabled.
Please make appropriate stop-loss settings in the case of a trade.
Correction of the major bullish trend halted around the Fibonacci 0.24-Level.Continuation of the current ascending trend is likely expected. Target of the current trend is 1.40893 at the Fibonacci level 0-Level. Caution: A possible trend reversal in the direction of the resistance line at 1.40828 could be enabled.
Please make appropriate stop-loss settings in the case of a trade.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 1.41279 |
| 2nd High | 1.40893 |
| Next High | 1.40828 |
| Current Price | 1.40776 |
| Next Low | 1.40089 |
| 2nd Low | 1.39847 |
| 3rd Low | 1.39802 |