USDCAD consolidation at support / Growth
In November last year, the price broke through the resistance and returned to the global trend.
Resistance to this trend emerged in 2016.
Support - in 2019.
Moving between these two lines, the price created a falling channel (January 2021).
Today the price dropped to the lower channel line (support) 1.265.
After the breakout that occurred at the beginning of the week, this can be considered a consolidation.
Next, I expect the price to rise to resistance.
The goal is 1.275.
--------------------
Share your opinion in the comments and support the idea with likes.
Thank you for your support!
Resistance to this trend emerged in 2016.
Support - in 2019.
Moving between these two lines, the price created a falling channel (January 2021).
Today the price dropped to the lower channel line (support) 1.265.
After the breakout that occurred at the beginning of the week, this can be considered a consolidation.
Next, I expect the price to rise to resistance.
The goal is 1.275.
--------------------
Share your opinion in the comments and support the idea with likes.
Thank you for your support!
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