USDCAD consolidate on support and grow
At the end of September, after a strong growth, the price stopped at the resistance level 1.341.
From this point on, the pair moves in a downtrend.
During the turn, the price broke through two resistance lines.
Then it fell to the support line.
And now it has consolidated at point 1.273.
After the next touch of the line, the price started to grow slightly. But I expect movement in several stages:
1. Securing on the line of support 1.267
2. Growth and correction to the resistance line 1.281.
3. Break of the resistance line 1.280.
4. Growth to next resistance.
The goal is 1.287.
-------------------
Share your opinion in the comments and support the idea with likes.
Thank you for your support!
From this point on, the pair moves in a downtrend.
During the turn, the price broke through two resistance lines.
Then it fell to the support line.
And now it has consolidated at point 1.273.
After the next touch of the line, the price started to grow slightly. But I expect movement in several stages:
1. Securing on the line of support 1.267
2. Growth and correction to the resistance line 1.281.
3. Break of the resistance line 1.280.
4. Growth to next resistance.
The goal is 1.287.
-------------------
Share your opinion in the comments and support the idea with likes.
Thank you for your support!
🚀TOP 1 broker🚀
bit.ly/3spSQqC
🔻FREE Telegram channel🔻
t.me/DeGRAMChannel
🔻Contact for Paid SIGNALS🔻
t.me/DeGRAMForex
bit.ly/3spSQqC
🔻FREE Telegram channel🔻
t.me/DeGRAMChannel
🔻Contact for Paid SIGNALS🔻
t.me/DeGRAMForex
Related publications
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.