USDCAD: two options for price development
The price has been moving in a downtrend since summer 2020. During this time, it was able to break through the historically level 1.302. And now it is at the resistance 1.262. Now you need to wait for the next price move, namely to see if it breaks the line or starts falling from it. Depending on this breakout, the price can:
1 - rise to the level 1.302.
2 - fall to support the trend 1.229.
Remember, there is no place for luck in trading - only strategy!
Thanks for the likes and comments.
1 - rise to the level 1.302.
2 - fall to support the trend 1.229.
Remember, there is no place for luck in trading - only strategy!
Thanks for the likes and comments.