USD/CAD – 30M – SELLThe pair goes from the bullish trendline downwards
A bearish trend down to the next support at 1.37468 is considered certain.
Caution: A possible change in the direction of the resistance level at 1.37928 should be noted.
In case of a trade, appropriate stop-loss settings should be considered.
Correction of the major bearish trend halted around the Fibonacci 0.5-Level.Continuation of the current descending trend is considered certain. Target of the current trend is 1.37683704 at the Fibonacci level 0.24-Level. Caution: A possible change in the direction of the support level at 1.37928 should be noted.
In case of a trade, appropriate stop-loss settings should be considered.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | |
| 2nd High | 1.38382 |
| Next High | 1.37928 |
| Current Price | 1.37761 |
| Next Low | 1.37468 |
| 2nd Low | 1.37246 |
| 3rd Low | 1.37041 |