UnknownUnicorn15614419

USDCAD: return to bearish trend?

Short
FOREXCOM:USDCAD   U.S. Dollar / Canadian Dollar
Since the beginning of this year, the price has been showing a very volatile movement with large spreads in the lows and highs. On this period of time, it is controlled by two main lines + a line of breakout highs. Recently, the price has broken through the resistance line 1.268. It fell to the level of 1.261 and is now reversed. We can expect the price to continue falling to the level of 1.254.
SL - 1.266

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