USDCAD: resumes falling in a bearish trend

Last week, the price was able to break through the resistance line 1.253, but instead of consolidating and starting to grow, it fell again and returned to the downtrend. The price has been following this trend since May 2020. There are also smaller downtrends within it, each of which is formed after the price touches a resistance line. Therefore, even now we can expect that the price will continue to fall from the resistance at 1.252 and will come to support at 1.219.

Remember, there is no place for luck in trading - only strategy!
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