USD/CAD – 1H – BUYCorrection of the major bullish trend halted around the Fibonacci 0.5-Level.Continuation of the current ascending trend is certain. Target of the current trend is 1.40646144 at the Fibonacci level 0.24-Level. Caution: A possible reversal of the trend in the direction of resistance at 1.40663 is also possible.
In case of a trade, appropriate stop-loss settings should be considered.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 1.40893 |
| 2nd High | 1.40828 |
| Next High | 1.40663 |
| Current Price | 1.40384 |
| Next Low | 1.40100 |
| 2nd Low | 1.40089 |
| 3rd Low | 1.39847 |