USD/CAD – 30M – SELLCorrection of the major bullish trend broke the Fibonacci 0.5-Level.Continuation of the current descending trend is expected. Target of the current trend is 1.3479564 at the Fibonacci level 0.79-Level. Caution: A possible trend reversal in the direction of the support zone at 1.35393 could happen.
Consider stop-loss settings accordingly.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 1.35817 |
| 2nd High | 1.35409 |
| Next High | 1.35393 |
| Current Price | 1.34919 |
| Next Low | 1.34894 |
| 2nd Low | 1.34633 |
| 3rd Low | 1.34623 |