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Breach of resistance could mean a start of a bullish trend on NAS100

NAS100 has broken through a resistance line of a Falling Wedge chart pattern. If this breakout holds true, we expect the price of NAS100 to test 7678.3709 within the next 5 hours. But don’t be so quick to trade, it has tested this line in the past, so you should probably confirm the breakout before placing any trades.

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After testing 1.3310 numerous times, USD/CAD is once again approaching this price point. Can we expect a bearish trend to follow?

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