DeGRAM

USDCAD correction to support zone/ Grow

Long
FOREXCOM:USDCAD   U.S. Dollar / Canadian Dollar
A few days ago the price bounced off the support at 1.260.
This is a strong line formed in 2019.
Each touch (there were false breakouts) ended with a rise in price.
After touching the support, the price came to the support area of ​​1.272.
I pierced it, rolled back and fixed on the zone.
This zone has existed since December 2020.
There were breakouts, but more often the price corrected the movement in this zone.
After the price has corrected to the support zone of 1.272, I expect the growth to continue.
The price will come to resistance.
The target is 1.284.


--------------------
Share your opinion in the comments and support the idea with likes.
Thank you for your support!

🚀TOP 1 broker🚀
bit.ly/3spSQqC
🔻FREE Telegram channel🔻
t.me/DeGRAMChannel
🔻Contact for Paid SIGNALS🔻
t.me/DeGRAMForex
Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.