After testing 1.3166 numerous times, USD/CAD has finally broken through. Can we expect a bullish trend to follow?

The breakout of USD/CAD through the 1.3166 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 1.3199 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.