The breakout of USD/CAD through the 1.3112 price line is a breach of an important psychological price that is has tested numerous in the past. If this breakout persists, we expect the price of USD/CAD to test 1.3082 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.
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After testing 1.3112 numerous times, USD/CAD has finally broken through. Can we expect a bearish trend to follow?
December 27, 2019 2:16 am
