USDCAD: Falling down breaking the MAIN SUPPORT zone

FX:USDCAD   U.S. Dollar / Canadian Dollar
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🟢Forex Pair:

Technical Analysis:
Since the 4th of February 2021, the price has been following a strong downtrend, bouncing on its trendline and S/R zone at about 1.27600 during the 12th of February.
A really strong bearish bar pushed the price down, breaking through its support zone at about 1.26700, and it is currently moving just around its main support at about 1.26300.

In the daily perspective I can see the price still in downtrend and I'll be looking for a new short position.
According with the analysis, there is a possibility to see a new rejection on the current support level , and I'll plan my position once I'll see a pullback on the resistance zone at about 1.26850

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⚠️Please note the views are not investment advice and should be used only for educational purposes⚠️

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Excited for this
+1 Reply
FXtrades-gp Investroy
@Investroy oh, glad to know 😁
Well here is our recent idea:)
+1 Reply
FXtrades-gp ForecastCity_World
@ForecastCity_World, I'd say really interesting! thank you !:)
Amazing chart !!!
+1 Reply
@BigLava, many thanks guys!
lets see how much higher it can go! nice idea!
+1 Reply
FXtrades-gp TopTradingSignals
@TopTradingSignals, yep! thanks so much :)
interesting, how it will interact with the falling resistance! great idea by the way!
+1 Reply
FXtrades-gp ProSignalsFx
@ProSignalsFx, Let's see :) thanks for your feedback guys!