USD/CAD – 30M – SELLThe pair US Dollar/Canadian Dollar (USD/CAD) jumps from the bullish trendline down.
A bearish descent downwards to the next support line at 1.42984 is considered certain.
Caution: A possible reversal of the trend in the direction of the resistance line at 1.43314 should always be considered.
In the case of a trade, always set appropriate stop-loss settings.
Correction of the major bullish trend broke the Fibonacci 0-Level.Continuation of the current descending trend is considered certain. Target of the current trend is 1.43042836 at the Fibonacci level 0.24-Level. Caution: A possible reversal of the trend in the direction of the support level at 1.43314 should always be considered.
In the case of a trade, always set appropriate stop-loss settings.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | |
| 2nd High | |
| Next High | 1.43314 |
| Current Price | 1.43229 |
| Next Low | 1.42984 |
| 2nd Low | 1.42222 |
| 3rd Low | 1.42190 |