USD/CAD – 30M – BUYCorrection of the major bearish trend broke through the Fibonacci 0.5-Level.Continuation of the current ascending trend is certain. Target of the current trend is 1.40007124 at the Fibonacci level 0.79-Level. Caution: A possible counter-trend in the direction of resistance at 1.40207 should always be considered.
In case of a trade, appropriate stop-loss settings should be considered.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 1.41023 |
| 2nd High | 1.40363 |
| Next High | 1.40207 |
| Current Price | 1.39971 |
| Next Low | 1.39273 |
| 2nd Low | 1.39249 |
| 3rd Low | 1.39166 |