USD/CAD – 30M – BUYThe combination breaks through the bullish trendline upwards
A continuation of the bullish trend up to the next resistance line at 1.37368 is considered certain.
Caution: A possible trend reversal in the direction of the support line at 1.36467 should be noted.
Consider stop-loss settings accordingly.
Correction of the major bullish trend halted around the Fibonacci 0-Level.Continuation of the current ascending trend is considered certain. Current target is 1.36748 at the Fibonacci level 0-Level. Caution: A possible trend reversal in the direction of the resistance zone at 1.37368 should be noted.
Consider stop-loss settings accordingly.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 1.37415 |
| 2nd High | 1.37381 |
| Next High | 1.37368 |
| Current Price | 1.36887 |
| Next Low | 1.36467 |
| 2nd Low | 1.36425 |
| 3rd Low | 1.36108 |