USDCAD: false breakdown of resistance

Long

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

FOREXCOM:USDCAD U.S. Dollar / Canadian Dollar

trendanalysis supportandresistance trendline usdcad downtrend falsebreakout

After testing the strong support level 1.2058, formed in September 2017, a false one was made.
I think that after distributing and taking the target, the instrument can turn around, return to the descending channel and reach the nearest resistance level 1.2280

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