USD/CAD has broken through a line of 1.2976 and suggests a possible movement to 1.2941 within the next 7 hours. It has tested this line numerous times in the past, so one should wait for confirmation of this breakout before taking any action. If the breakout doesn’t confirm, we could see a retracement back to lines seen in the last 4 days.
Big movement possible on USD/CAD after a breach of 1.2976
