USD/CAD – 30M – SELLThe pair US Dollar/Canadian Dollar (USD/CAD) goes from the ascending trendline downwards
The bearish trend downwards to the next support level at 1.43744 is certain.
Caution: A possible counter-trend in the direction of resistance at 1.44492 could occur.
In case of a trade, appropriate stop-loss settings should be considered.
Correction of the major bullish trend broke the Fibonacci 0.5-Level.Continuation of the current descending trend is certain. Target of the current trend is 1.4368242 at the Fibonacci level 0.79-Level. Caution: A possible counter-trend in the direction of support at 1.44492 could occur.
In case of a trade, appropriate stop-loss settings should be considered.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | |
| 2nd High | 1.44669 |
| Next High | 1.44492 |
| Current Price | 1.43926 |
| Next Low | 1.43744 |
| 2nd Low | 1.43496 |
| 3rd Low | 1.43462 |