USD/CAD has broken through a line of 1.3658 and suggests a possible movement to 1.3589 within the next 3 days. It has tested this line numerous times in the past, so one should wait for a 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 16 days.
After testing 1.3658 numerous times, USD/CAD has finally broken through. Can we expect a bearish trend to follow?
