USDCAD falling to support. Next - growth
The price moves along the targets that I talked about last time.
Namely, it continues to fall to the resistance line.
This is the lower line of the falling channel that the price moves in 2019.
The price exited the channel in the spring of 2020.
However, in November it touched resistance at 1.310 and began to fall in the channel.
The price broke through the resistance line (in the middle of the channel), dropped to support, and corrected.
From the resistance line 1.293, the price began to fall to support.
I expect it to touch the 1.274 support.
Then it will rise to resistance.
The target is 1.293.
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Share your opinion in the comments and support the idea with likes.
Thank you for your support!
Namely, it continues to fall to the resistance line.
This is the lower line of the falling channel that the price moves in 2019.
The price exited the channel in the spring of 2020.
However, in November it touched resistance at 1.310 and began to fall in the channel.
The price broke through the resistance line (in the middle of the channel), dropped to support, and corrected.
From the resistance line 1.293, the price began to fall to support.
I expect it to touch the 1.274 support.
Then it will rise to resistance.
The target is 1.293.
-------------------------
Share your opinion in the comments and support the idea with likes.
Thank you for your support!
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