USD/CAD – 30M – BUYThe combination breaks through the descending trendline upwards
An ascending movement upwards to the next resistance level at 1.38973 will persist.
Caution: A possible reversal of the trend in the direction of the support zone at 1.38418 is within the realm of possibility.
In case of a trade, appropriate stop-loss settings should be considered.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 1.39583 |
| 2nd High | 1.39478 |
| Next High | 1.38973 |
| Current Price | 1.39087 |
| Next Low | 1.38418 |
| 2nd Low | 1.38182 |
| 3rd Low | 1.38122 |