USDCAD growth in a global trend
The price movement continues in a downtrend.
This is a global trend.
It started to take shape in 2019.
In 2020, the price broke the upper trend line (resistance).
But in November it fell and returned to the trend.
A support-resistance zone has also formed between the main trend lines.
It appeared in December 2020.
At the end of January, the price broke through the support zone at 1.277.
Then it rose to the resistance 1.287.
After several changes of growth and decline, the price is again in the support zone.
I expect it to rise again to resistance.
The target is 1.286.
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Share your opinion in the comments and support the idea with likes.
Thank you for your support!
This is a global trend.
It started to take shape in 2019.
In 2020, the price broke the upper trend line (resistance).
But in November it fell and returned to the trend.
A support-resistance zone has also formed between the main trend lines.
It appeared in December 2020.
At the end of January, the price broke through the support zone at 1.277.
Then it rose to the resistance 1.287.
After several changes of growth and decline, the price is again in the support zone.
I expect it to rise again to resistance.
The target is 1.286.
--------------------
Share your opinion in the comments and support the idea with likes.
Thank you for your support!
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