USD/CAD – 1H – BUYThe currency pair breaks through the ascending trendline upwards
A continuation of the uptrend up to the next resistance line at 1.36845 will continue.
Caution: A possible reversal of the trend in the direction of the support zone at 1.34720 could occur.
In case of a trade, appropriate stop-loss settings should be considered.
Correction of the major bullish trend halted around the Fibonacci 0-Level.Continuation of the current ascending trend will continue. Target of the current trend is 1.36391 at the Fibonacci level 0-Level. Caution: A possible reversal of the trend in the direction of the resistance zone at 1.36845 could occur.
In case of a trade, appropriate stop-loss settings should be considered.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 1.37381 |
| 2nd High | 1.37368 |
| Next High | 1.36845 |
| Current Price | 1.36681 |
| Next Low | 1.34720 |
| 2nd Low | 1.34633 |
| 3rd Low | 1.34572 |