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After testing 1.2484 numerous times, USD/CAD has finally broken through. Can we expect a bearish trend to follow?

The breakout of USD/CAD through the 1.2484 price line is a breach of an important psychological price that is has tested numerous in the past. If this breakout persists, USD/CAD could test 1.2446 within the next 21 hours. One should always be cautious before placing a trade, wait for confirmation of the breakout.

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Merck & Co. Inc. is approaching the support line of a Support. It has touched this line numerous times in the last 12 days.

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