The breakout of USD/CAD through the resistance line of a Triangle could be a sign of the road ahead. If this breakout persists, we expect the price of USD/CAD to test 1.3153 within the next 8 hours. One should always be cautious before placing a trade, wait for confirmation of the breakout before putting any money down.
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After testing resistance twice in the past, USD/CAD has finally broken through. Can we expect a bullish trend to follow?
December 19, 2019 6:15 pm
