USDCAD 15 03 2021
USDCAD 15 03 2021
This currency pair is still following the downtrend that it started back in March last year. The direction of this trend is two strong lines: resistance - May, and support - June. During the fall in the price, there were several breakouts, but all of them turned out to be false. Last week the price bounced off the resistance trend line 1.273 and broke through the resistance line 1.259 during the fall. Then she continued to fall.
This currency pair is still following the downtrend that it started back in March last year. The direction of this trend is two strong lines: resistance - May, and support - June. During the fall in the price, there were several breakouts, but all of them turned out to be false. Last week the price bounced off the resistance trend line 1.273 and broke through the resistance line 1.259 during the fall. Then she continued to fall.
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