DeGRAM

⚠️USDCAD growth and trend breakdown

Long
FOREXCOM:USDCAD   U.S. Dollar / Canadian Dollar
The price has been in a downtrend since March 2020.
In mid-March, it bounced off the strong support at 1.237.
After the growth from strong support 1.237.
Last week the price broke through the resistance at 1.256.
This is the March 2020 resistance line.
After rising from the line, the price corrected and consolidated towards the line again.
The price is at the point 1.252.
I expect that the price will continue to rise after consolidation.
The target is 1.278.

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