USDCAD: bearish movement, trend reversal

The last half of the year, the price movement was accompanied by frequent and strong jumps from growth to fall. Nevertheless, these movements fit into the downtrend. The resistance line forming this trend was formed in November 2020. There is also a correction zone in the middle of the trend. Now the price is ready to reverse from the resistance at 1.268. It can be expected to fall to support 1.252.
SL - 1.277.

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