OANDA:USDCAD   U.S. Dollar / Canadian Dollar
The price is at position 1.260, which it came to after the return of the downtrend and fall from the resistance line. This support zone is incredibly strong. It is formed by the June 2018 line and the 2008 line! Therefore, new growth can now be expected. While the overall downtrend continues, I now expect the price to bounce off the strong support zone and rise to the resistance line - which also emerged in 2018. So my final goal is 1.281.

Lets hope it follows suit


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