The breakout of USD/CAD through the support line of a Descending Triangle could be a sign of the road ahead. If this breakout persists, we expect the price of USD/CAD to test 1.3273 within the next 7 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 support twice in the past, USD/CAD has finally broken through. Can we expect a bearish trend to follow?
December 4, 2019 10:16 am
