USDCAD: growth momentum from strong support level
The price broke through the resistance line of the main downward trend at point 1.221. After that, it continued the fall in a minor downtrend. However, soon it will go down to the strong support level of 1.206 and after that we can expect a reversal and new growth towards the resistance line 1.217.
Remember, there is no place for luck in trading - only strategy!
Thanks for the likes and comments.
Remember, there is no place for luck in trading - only strategy!
Thanks for the likes and comments.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.