USD/CAD – 1H – BUYThe pair breaks through the bullish trendline upwards
A continuation of the bullish trend upwards to the next resistance at 1.39585 is likely expected.
Caution: A possible reversal of the trend in the direction of support at 1.38745 could be enabled.
In case of a trade, appropriate stop-loss settings should be considered.
Correction of the major bearish trend broke through the Fibonacci 0.5-Level.Continuation of the current ascending trend is likely expected. Current target is 1.3940524 at the Fibonacci level 0.79-Level. Caution: A possible reversal of the trend in the direction of the resistance level at 1.39585 could be enabled.
In case of a trade, appropriate stop-loss settings should be considered.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | |
| 2nd High | |
| Next High | 1.39585 |
| Current Price | 1.39274 |
| Next Low | 1.38745 |
| 2nd Low | 1.38378 |
| 3rd Low | 1.38122 |