USD/CAD – 1H – BUYThe pair moves from the bearish trendline downwards
A continuation of the bearish trend downwards to the next support level at 1.34720 is likely expected.
Caution: A possible reversal of the trend in the direction of the resistance line at 1.35817 is within the realm of possibility.
Please make appropriate stop-loss settings in the case of a trade.
Correction of the major bullish trend halted around the Fibonacci 0-Level.Continuation of the current ascending trend is likely expected. Target of the current trend is 1.35393 at the Fibonacci level 0-Level. Caution: A possible reversal of the trend in the direction of the resistance line at 1.35817 is within the realm of possibility.
Please make appropriate stop-loss settings in the case of a trade.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 1.36470 |
| 2nd High | 1.35894 |
| Next High | 1.35817 |
| Current Price | 1.35475 |
| Next Low | 1.34720 |
| 2nd Low | 1.34633 |
| 3rd Low | 1.34572 |