USD/CAD – 30M – BUYThe combination breaks through the bearish trendline up.
The bullish trend up to the next resistance level at 1.38382 will persist.
Caution: A possible change in the direction of support at 1.37851 could happen.
Consider stop-loss settings accordingly.
Correction of the major bullish trend halted around the Fibonacci 0-Level.Continuation of the current ascending trend will persist. Target of the current trend is 1.38146 at the Fibonacci level 0-Level. Caution: A possible change in the direction of resistance at 1.38382 could happen.
Consider stop-loss settings accordingly.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | |
| 2nd High | |
| Next High | 1.38382 |
| Current Price | 1.38264 |
| Next Low | 1.37851 |
| 2nd Low | 1.37710 |
| 3rd Low | 1.37468 |