USD/CAD – 1H – BUYThe currency pair goes from the descending trendline downwards
A continuation of the downward movement down to the next support at 1.34572 is considered certain.
Caution: A possible change in the direction of the resistance line at 1.35817 should be noted.
Consider stop-loss settings accordingly.
Correction of the major bearish trend broke the Fibonacci 0.5-Level.Continuation of the current ascending trend is considered certain. Current target is 1.35529344 at the Fibonacci level 0.79-Level. Caution: A possible change in the direction of the resistance line at 1.35817 should be noted.
Consider stop-loss settings accordingly.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 1.36470 |
| 2nd High | 1.35894 |
| Next High | 1.35817 |
| Current Price | 1.35223 |
| Next Low | 1.34572 |
| 2nd Low | 1.34190 |
| 3rd Low |