USD/CAD has broken through a resistance line of a Falling Wedge chart pattern. If this breakout holds true, we expect the price of USD/CAD to test 1.3076 within the next 9 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.
Breach of resistance could mean a start of a bullish trend on USD/CAD
