USDCAD. The price is trading in an uptrend and we can see how, without reaching the resistance 1.32237, the price turns around and rolls back to the channel support.
I think that the price did not have enough energy to test the resistance and moreover, if we are talking about a breakdown of this level. On the pullback of the price to the support we can see how the support trend line was tested and the price forms a consolidation above the support zone
I suppose if the price can consolidate in the long zone relative to the support, there is a potential for growth, as there are two big targets ahead - resistance 1.32237 and the far level - 1.33853
Sincerely R.Linda!
I think that the price did not have enough energy to test the resistance and moreover, if we are talking about a breakdown of this level. On the pullback of the price to the support we can see how the support trend line was tested and the price forms a consolidation above the support zone
I suppose if the price can consolidate in the long zone relative to the support, there is a potential for growth, as there are two big targets ahead - resistance 1.32237 and the far level - 1.33853
Sincerely R.Linda!
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NO‼️
You❗️CAN and ❗️SHOULD make money in trading!
Join me, I'll guide you to PROFITABLE TRADING💵!
🟢Free Telegram Channel:
t.me/RLindaTrade
🔴Contact:
t.me/RLindaSignals
🧿Web: rlinda.com