USDCAD "stuck" on the support line / Will grow

24 בנוב׳ 2020

In my previous forecast, I said that:
1 The price began to grow, but eventually rolled back, fixing on the line.

2 We opened a buy signal, as the price began to rise from a strong support line.

3 The price will stop at a strong support line and begin to grow. And while the forecast is still in the process of forming a movement.

Over the past few days, the price has broken through the line several times, either in the direction of growth or in the direction of a fall (it has fixed well on it).
It is important that this is really a very strong line (the first touch happened already in 2007).

Plus, the support level 1.302 passes nearby.
So the price has a lot of support in this area.
I expect the price to complete the swing in order to gain a foothold and rise from the support.
Target - resistance line 1.337
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