The breakout of USD/CAD through the 1.3149 price line is a breach of an important psychological price that is has tested numerous in the past. If this breakout persists, we expect the price of USD/CAD to test 1.3086 within the next 21 hours. One should always be cautious before placing a trade, wait for confirmation of the breakout before putting any money down.
Related Posts
A possible move by EUR/USD towards 1.0663
Channel Up pattern identified on EUR/USD has broken through a support level with the price momentum continuing to…
If EUR/USD touches 1.0620 it may be time to take action.
EUR/USD is heading towards a line of 1.0620. If this movement continues, the price of EUR/USD could test…
We expect AUDUSD to trend downwards right now.
Based on the last 12 Personal Income MoM events in United States, we may expect AUDUSD to trend…