USDCAD breakout and new growth

4 янв. 2021 г.

The price has been falling in a downtrend since March 2020.
During the fall, it broke through several resistance lines 1.313, 1.295 and recently 1.275.
The last line of support began to take shape in 2019.
The last false breakout of the line was in December 2020.

After a false breakout, the price rose to the resistance line 1.295 and fell again.
I expect the price to begin with, the price will return to the resistance line.
Then it will fix on it in the area of 1.274.
After that, new growth will begin.
During the growth, the price will come to the resistance line.
the goal is 1.293.

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