USDCAD: trend breakout, consolidation and a new growth?
Since June 2020, the price has been moving in a downtrend and after each price hitting the resistance line, a downtrend has begun. However, after that, in March 2021, the price bounced off at the support of 1.237, it rose to the resistance of 1.262 and for two weeks has been moving along the line, periodically breaking it. We can expect that after the breakdown of the line, the price will continue to rise and come to the resistance of 1.274.
Remember, there is no place for luck in trading - only strategy!
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Remember, there is no place for luck in trading - only strategy!
Thanks for the likes and comments.
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