USD/CAD – 30M – SELLCorrection of the major bullish trend broke the Fibonacci 0.5-Level.Continuation of the current descending trend is considered certain. Target of the current trend is 1.38481814 at the Fibonacci level 0.79-Level. Caution: A possible counter-trend in the direction of the support level at 1.39478 could be enabled.
Consider stop-loss settings accordingly.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 1.39585 |
| 2nd High | 1.39583 |
| Next High | 1.39478 |
| Current Price | 1.38830 |
| Next Low | 1.38182 |
| 2nd Low | 1.38122 |
| 3rd Low | 1.37851 |