DeGRAM

USDCAD "stuck" on the support line / Will grow

Long
FOREXCOM:USDCAD   U.S. Dollar / Canadian Dollar
In my previous forecast, I said that:
1 The price began to grow, but eventually rolled back, fixing on the line.
2 We opened a buy signal, as the price began to rise from a strong support line.
3 The price will stop at a strong support line and begin to grow. And while the forecast is still in the process of forming a movement.
Over the past few days, the price has broken through the line several times, either in the direction of growth or in the direction of a fall (it has fixed well on it).
It is important that this is really a very strong line (the first touch happened already in 2007).
Plus, the support level 1.302 passes nearby.
So the price has a lot of support in this area.
I expect the price to complete the swing in order to gain a foothold and rise from the support.
Target - resistance line 1.337
-----------------------
Share your opinion in the comments and support the idea with likes.
Thank you for your support!

🚀TOP 1 broker🚀
bit.ly/3spSQqC
🔻FREE Telegram channel🔻
t.me/DeGRAMChannel
🔻Contact for Paid SIGNALS🔻
t.me/DeGRAMForex
Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.