Lingrid

USDCAD reversal and GROWTH from SUPPORT line

Long
FOREXCOM:USDCAD   U.S. Dollar / Canadian Dollar
Since April 2021, the price has maintained a downward movement that lasted in two stages. First, the price bounced off the April 2020 resistance line of 1.262. Then it broke through, consolidated and pushed off the resistance of January 2021 at point 1.233. As a result, the price dropped and stopped at the November 2020 support line. 1.209. I expect it to start growing from this point. Thus, my final target is the resistance line at 1.221.

Traders, if you like this idea or have your own opinion about it, write in the comments. I will be glad👩‍💻

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