USD/CAD – 30M – BUY
The pair breaks through the ascending trendline up.
A continuation of the bullish trend upwards to the next resistance at 1.39478 will continue.
Caution: A possible counter-trend in the direction of the support level at 1.39037 could happen.
Consider stop-loss settings accordingly.
Correction of the major bullish trend halted around the Fibonacci 0.24-Level.Continuation of the current ascending trend will continue. Target of the current trend is 1.39583 at the Fibonacci level 0-Level. Caution: A possible counter-trend in the direction of the resistance level at 1.39478 could happen.
Consider stop-loss settings accordingly.
Support & Resistance | Price Range* |
---|---|
3rd High | 1.39585 |
2nd High | 1.39583 |
Next High | 1.39478 |
Current Price | 1.39342 |
Next Low | 1.39037 |
2nd Low | 1.38418 |
3rd Low | 1.38182 |