TradingStat

USDCAD: growth momentum from strong support level

Long
FX:USDCAD   U.S. Dollar / Canadian Dollar
The price broke through the resistance line of the main downward trend at point 1.221. After that, it continued the fall in a minor downtrend. However, soon it will go down to the strong support level of 1.206 and after that we can expect a reversal and new growth towards the resistance line 1.217.

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