USD/CAD – 30M – BUYThe currency pair breaks through the bearish trendline upwards
An ascent up to the next resistance line at 1.34949 is likely expected.
Caution: A possible trend reversal in the direction of the support line at 1.34623 could occur.
Consider stop-loss settings accordingly.
Correction of the major bearish trend broke the Fibonacci 0.5-Level.Continuation of the current ascending trend is likely expected. Current target is 1.35056172 at the Fibonacci level 0.79-Level. Caution: A possible trend reversal in the direction of the resistance line at 1.34949 could occur.
Consider stop-loss settings accordingly.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 1.35409 |
| 2nd High | 1.35292 |
| Next High | 1.34949 |
| Current Price | 1.34830 |
| Next Low | 1.34623 |
| 2nd Low | 1.34572 |
| 3rd Low | 1.34190 |