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Live Cattle June 2024 may be on a start of a new bearish trend after its breakout through this important support level

Live Cattle June 2024 has broken through a line of 183.0000 and suggests a possible movement to 180.8275 within the next 2 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 43 days.

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USD/CAD is currently testing a level of 1.3597. Will the breakout continue or will things reverse?

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