USD/CAD – 30M – BUYThe currency pair jumps from the ascending trendline upwards
A continuation of the uptrend up to the next resistance level at 1.36391 will continue.
Caution: A possible change in the direction of the support line at 1.36108 should always be considered.
In case of a trade, appropriate stop-loss settings should be considered.
Correction of the major bullish trend halted around the Fibonacci 0.24-Level.Continuation of the current ascending trend will continue. Current target is 1.36391 at the Fibonacci level 0-Level. Caution: A possible change in the direction of the resistance line at 1.36391 should always be considered.
In case of a trade, appropriate stop-loss settings should be considered.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 1.36845 |
| 2nd High | 1.36470 |
| Next High | 1.36391 |
| Current Price | 1.36284 |
| Next Low | 1.36108 |
| 2nd Low | 1.35783 |
| 3rd Low | 1.35611 |