USD/CAD – 1H – BUYThe combination US Dollar/Canadian Dollar (USD/CAD) moves from the bullish trendline downwards
A bearish movement downwards to the next support level at 1.39273 is considered certain.
Caution: A possible trend reversal in the direction of the resistance zone at 1.40313 is also possible.
In the case of a trade, always set appropriate stop-loss settings.
Correction of the major bullish trend halted around the Fibonacci 0.7-Level.Continuation of the current ascending trend is considered certain. Target of the current trend is 1.405255 at the Fibonacci level 0.5-Level. Caution: A possible trend reversal in the direction of the resistance zone at 1.40313 is also possible.
In the case of a trade, always set appropriate stop-loss settings.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | |
| 2nd High | 1.41778 |
| Next High | 1.40313 |
| Current Price | 1.39945 |
| Next Low | 1.39273 |
| 2nd Low | 1.39249 |
| 3rd Low | 1.38418 |