USD/CAD – 1H – SELLThe combination US Dollar/Canadian Dollar (USD/CAD) jumps from the bearish trendline down.
A continuation of the bearish trend down to the next support line at 1.35659 will persist.
Caution: A possible trend reversal in the direction of resistance at 1.36514 could occur.
In case of a trade, appropriate stop-loss settings should be considered.
Correction of the major bearish trend halted around the Fibonacci 0.24-Level.Continuation of the current descending trend will persist. Target of the current trend is 1.35659 at the Fibonacci level 0-Level. Caution: A possible trend reversal in the direction of the support line at 1.36514 could occur.
In case of a trade, appropriate stop-loss settings should be considered.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 1.36900 |
| 2nd High | 1.36749 |
| Next High | 1.36514 |
| Current Price | 1.35816 |
| Next Low | 1.35659 |
| 2nd Low | |
| 3rd Low |
1.36514 – 1.36749 – 1.36900 – 1.35659 – 1.35921 – 1.36496