USD/CAD – 30M – BUYThe currency pair breaks through the descending trendline upwards
The bullish trend upwards to the next resistance level at 1.39374 is considered certain.
Caution: A possible change in the direction of the support line at 1.39247 is also possible.
In the case of a trade, always set appropriate stop-loss settings.
Correction of the major bullish trend halted around the Fibonacci 0.24-Level.Continuation of the current ascending trend is considered certain. Current target is 1.39448 at the Fibonacci level 0-Level. Caution: A possible change in the direction of the resistance zone at 1.39374 is also possible.
In the case of a trade, always set appropriate stop-loss settings.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | |
| 2nd High | 1.39448 |
| Next High | 1.39374 |
| Current Price | 1.39333 |
| Next Low | 1.39247 |
| 2nd Low | 1.38904 |
| 3rd Low | 1.38762 |