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 1.3261 within the next 2 days. One should always be cautious before placing a trade, wait for confirmation of the breakout before putting any money down.
After testing resistance twice in the past, USD/CAD has finally broken through. Can we expect a bullish trend to follow?
