USD/CAD – 1H – SELLThe combination goes from the ascending trendline downwards
A descent downwards to the next support at 1.39023 will persist.
Caution: A possible trend reversal in the direction of resistance at 1.39585 is also possible.
Please make appropriate stop-loss settings in the case of a trade.
Correction of the major bullish trend broke through the Fibonacci 0.5-Level.Continuation of the current descending trend will persist. Target of the current trend is 1.38938122 at the Fibonacci level 0.79-Level. Caution: A possible trend reversal in the direction of the support level at 1.39585 is also possible.
Please make appropriate stop-loss settings in the case of a trade.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | |
| 2nd High | |
| Next High | 1.39585 |
| Current Price | 1.39100 |
| Next Low | 1.39023 |
| 2nd Low | 1.38904 |
| 3rd Low | 1.38762 |