Last week the price managed to break through the support line (1.307).
After which she again returned to its limits.
USDCAD new growth from support line

Then the price began to grow, but eventually rolled back, fixing on the line.
USDCAD  Make breakdown and start grow

This is a strong line that has existed since 2007. During this time, it has already reversed the price more than once (more often, it stopped its fall).
תמונת-בזק
Breakdown of the line, return to it, growth and pullback - can be perceived as a very strong consolidation on the line. This indicates a good position for growth.
I expect the price to start rising. And this is a good time to buy.
SL - below the support line at 1.289
TP - along the resistance line 1.338.

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ForexLONGTrend AnalysisUSDCAD

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