USD/CAD – 30M – BUYThe pair breaks through the bearish trendline up.
A bullish trend upwards to the next resistance line at 1.35393 is likely expected.
Caution: A possible trend reversal in the direction of the support zone at 1.34720 should be noted.
In case of a trade, appropriate stop-loss settings should be considered.
Correction of the major bearish trend broke through the Fibonacci 0.5-Level.Continuation of the current ascending trend is likely expected. Current target is 1.35248978 at the Fibonacci level 0.79-Level. Caution: A possible trend reversal in the direction of resistance at 1.35393 should be noted.
In case of a trade, appropriate stop-loss settings should be considered.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 1.35817 |
| 2nd High | 1.35409 |
| Next High | 1.35393 |
| Current Price | 1.35142 |
| Next Low | 1.34720 |
| 2nd Low | 1.34633 |
| 3rd Low | 1.34623 |