USD/CAD – 30M – BUYThe pair goes from the bullish trendline downwards
A bearish trend downwards to the next support at 1.35799 will continue.
Caution: A possible counter-trend in the direction of resistance at 1.35979 should always be considered.
In the case of a trade, always set appropriate stop-loss settings.
Correction of the major bullish trend halted around the Fibonacci 0.5-Level.Continuation of the current ascending trend will continue. Current target is 1.3597406 at the Fibonacci level 0.24-Level. Caution: A possible counter-trend in the direction of resistance at 1.35979 should always be considered.
In the case of a trade, always set appropriate stop-loss settings.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 1.36226 |
| 2nd High | 1.36072 |
| Next High | 1.35979 |
| Current Price | 1.35883 |
| Next Low | 1.35799 |
| 2nd Low | 1.35664 |
| 3rd Low | 1.35657 |