UnknownUnicorn15614419

USDCAD: will continue to fall in trend?

Short
FOREXCOM:USDCAD   U.S. Dollar / Canadian Dollar
The price has been maintaining the downtrend since May last year - that is, for almost a year. The guides of this trend are two lines: support and resistance, which were formed during the same period. For the last month, the price has been moving exactly between these lines (it has made at least 5 touches). And now it is at the resistance line 1.261. We can expect that the price will further fall to the support zone 1.241.
SL - 1.271.

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