Using Former Support As Resistance? Level to Watch

U.S. Dollar / Canadian Dollar (FX:USDCAD)

FX:USDCAD U.S. Dollar / Canadian Dollar

We have finally broken down from the 1.24 level and have found support on a weekly trendline. Could we use this former support as resistance and a springboard to push us down further? I will be very interested if we can somehow get back to that level.

Good Luck!

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.