USD/CAD – 1H – BUYThe currency pair goes from the descending trendline downwards
A continuation of the bearish trend downwards to the next support level at 1.35327 is considered certain.
Caution: A possible trend reversal in the direction of the resistance zone at 1.36470 could be enabled.
In the case of a trade, always set appropriate stop-loss settings.
Correction of the major bearish trend broke through the Fibonacci 0.24-Level.Continuation of the current ascending trend is considered certain. Current target is 1.358985 at the Fibonacci level 0.5-Level. Caution: A possible trend reversal in the direction of the resistance zone at 1.36470 could be enabled.
In the case of a trade, always set appropriate stop-loss settings.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 1.37368 |
| 2nd High | 1.36845 |
| Next High | 1.36470 |
| Current Price | 1.35749 |
| Next Low | 1.35327 |
| 2nd Low | 1.34654 |
| 3rd Low | 1.34653 |