FX.co ★ USDCAD Point and Figure Chart Review

USDCAD on 303 Chart:
On the 303 chart the pair came closer to the strong support level of 0.98.
Now it is better to buy the pair with the first target at 0.992.
A significant deviation from trend line is indicative of following correction.

USDCAD on 103 Chart:
On 103 chart the pair hit the lower limit of the descending channel at 0.98.
Now we better start buying the pair.
The first target will be placed at the resistance level of 0.99 from where the pair can initiate the downward move.
The prevailing tendency is descending.