USDCAD breakdown of support and continued growth
The price has been dropping in the channel since July 2020.
During the fall, it broke through the 1.250 support line.
This is a strong line formed in January 2019.
The price broke through the strong support at 1.250.
Then it pushed off the support of the falling channel 1.239.
And again rose to support 1.249.
Now I expect the price to continue to rise.
It will not reach the upper border of the channel but will stop at the nearest resistance.
The goal is 1.263.
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Share your opinion in the comments and support the idea with likes.
Thank you for your support!
During the fall, it broke through the 1.250 support line.
This is a strong line formed in January 2019.
The price broke through the strong support at 1.250.
Then it pushed off the support of the falling channel 1.239.
And again rose to support 1.249.
Now I expect the price to continue to rise.
It will not reach the upper border of the channel but will stop at the nearest resistance.
The goal is 1.263.
--------------------
Share your opinion in the comments and support the idea with likes.
Thank you for your support!
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