USD/CAD – 1H – SELLThe pair jumps from the bullish trendline downwards
A bearish trend downwards to the next support at 1.34894 is certain.
Caution: A possible change in the direction of the resistance level at 1.35375 could occur.
In the case of a trade, always set appropriate stop-loss settings.
Correction of the major bullish trend broke through the Fibonacci 0.24-Level.Continuation of the current descending trend is certain. Current target is 1.347825 at the Fibonacci level 0.5-Level. Caution: A possible change in the direction of the support level at 1.35375 could occur.
In the case of a trade, always set appropriate stop-loss settings.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 1.35894 |
| 2nd High | 1.35817 |
| Next High | 1.35375 |
| Current Price | 1.35023 |
| Next Low | 1.34894 |
| 2nd Low | 1.34633 |
| 3rd Low | 1.34572 |