USD/CAD has broken through a line of 1.2861. If this breakout holds true, we could see the price of USD/CAD heading towards 1.2774 within the next 3 days. But don’t be so quick to trade, it has tested this line numerous times in the past, so you should probably confirm the breakout before placing any trades.
Breach of 1.2861 could mean a start of a bearish trend on USD/CAD
