USDCAD Approaching To The Key Support Level

We have seen a big fall on USDCAD for the last few months and price is consistently making lower lows and lower highs.

As you see in the weekly chart, price is approaching to a 6-year old strong support level which has been tested by price twice before (2015 and 2017) and pushed the price to the upside.

I expect a continuation of falling in this pair maybe around 1.2 which is a support level and also a round number tho!

Moreover, CCI shows that price is in the oversold area.

So let’s wait for price tp fall and reach the support level for entering a good buy position with a high opportunity.

What do you think about this pair?
Feel free to share your ideas in comments 🤗🙏🏻