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