RLinda ! USDCAD-> Uptrend support test. What's next?
USDCAD. The price is trading in an uptrend and we can see how, without reaching the resistance 1.32237, the price turns around and rolls back to the channel support.
I think that the price did not have enough energy to test the resistance and moreover, if we are talking about a breakdown of this level. On the pullback of the price to the support we can see how the support trend line was tested and the price forms a consolidation above the support zone
I suppose if the price can consolidate in the long zone relative to the support, there is a potential for growth, as there are two big targets ahead - resistance 1.32237 and the far level - 1.33853
Sincerely R.Linda!
I think that the price did not have enough energy to test the resistance and moreover, if we are talking about a breakdown of this level. On the pullback of the price to the support we can see how the support trend line was tested and the price forms a consolidation above the support zone
I suppose if the price can consolidate in the long zone relative to the support, there is a potential for growth, as there are two big targets ahead - resistance 1.32237 and the far level - 1.33853
Sincerely R.Linda!
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NO‼️
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Join me, I'll guide you to PROFITABLE TRADING💵!
🟢Free Telegram Channel:
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🔴Contact:
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🧿Web: rlinda.com
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