Dolar A.S. / Dolar Kanada
Singkat

USDCAD sell signal

1 155
At the beginning of last week, the price received a strong impulse and broke two resistance lines as a result of a sharp rise.
USDCAD Continues to move. Growth after fall

Then it came to the intersection of two strong resistance lines.
USDCAD break the resistance line

And the last few days "stuck" on them, moving evenly, without noticeable breakdowns or pullbacks
USDCAD stuck on strong resistance

What do we need to know about these lines?
One was formed in March 2020, the second in January.
syot kilat
Together, they provide strong resistance that will prevent the price from rising.
I expect the price to fall. This is a good sell signal.
SL - above the upper resistance line.
TC - from the lower resistance line to the support line.

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