USDCAD fall from resistance zone
The price continues to move in line with my forecasts.
At first, it grew from support to resistance.
Then I started a new drop in the channel and I adjust the forecast.
The price has been dropping in the channel since August 2020.
It bounced off the resistance at 1.275.
Then it worked out the correction.
I expect the price to be:
- will be corrected to the resistance zone 1.274 (channel line + line of 2020 and 2019).
- will fall to support.
The target is 1.239.
--------------------
Share your opinion in the comments and support the idea with likes.
Thank you for your support!
At first, it grew from support to resistance.
Then I started a new drop in the channel and I adjust the forecast.
The price has been dropping in the channel since August 2020.
It bounced off the resistance at 1.275.
Then it worked out the correction.
I expect the price to be:
- will be corrected to the resistance zone 1.274 (channel line + line of 2020 and 2019).
- will fall to support.
The target is 1.239.
--------------------
Share your opinion in the comments and support the idea with likes.
Thank you for your support!
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