USD/CAD – 1H – SELL
Correction of the major bearish trend halted around the Fibonacci 0-Level.Continuation of the current descending trend will continue. Current target is 1.38745 at the Fibonacci level 0-Level. Caution: A possible counter-trend in the direction of the support zone at 1.39064 is within the realm of possibility.
Consider stop-loss settings accordingly.
Support & Resistance | Price Range* |
---|---|
3rd High | |
2nd High | 1.39585 |
Next High | 1.39064 |
Current Price | 1.38514 |
Next Low | 1.38378 |
2nd Low | 1.38122 |
3rd Low | 1.37851 |