DeGRAM

USDCAD growth to resistance

Long
FX:USDCAD   U.S. Dollar / Canadian Dollar
In early November, the price broke through the resistance line 1.315.
Thus, she returned to the channel.
Both channel lines (support and resistance) formed in February 2019.
However, before the breakout, the price moved outside of it.
After the price broke through the resistance line 1.315, it worked out the correction. It fixed on the line and fell to support (the lower line of the channel).
The price also fixed on the support line (several touches).
In my opinion, the price will now rise from support to resistance. The target is 1.310.

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