The breakout of USD/CAD through the support line of a Rising Wedge could be a sign of the road ahead. If this breakout persists, we expect the price of USD/CAD to test 1.3148 within the next 12 hours. One should always be cautious before placing a trade, wait for confirmation of the breakout before putting any money down.
After testing support twice in the past, USD/CAD has finally broken through. Can we expect a bearish trend to follow?
