USDCAD Continues to move. Growth after fall

27 ott 2020

Last few weeks the price continued to fall.
As I said in my forecast for October 15, it touched the crossing of the resistance lines.

Then it fell, and began to grow again (let me remind you of my past forecast).

Today the price bounced off the resistance line again (for the second time in the last two weeks).

I expect it to fall to the support line and then rise again to the intersection of the two resistance lines. It is not clear yet whether the price will be able to break this line in the future. We will monitor the situation.

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