USD/CAD has broken through a resistance line of a Ascending Triangle and suggests a possible movement to 1.3516 within the next 8 hours. It has tested this line in the past, so one should probably wait for a confirmation of this breakout before taking action. If the breakout doesn’t confirm, we could see a retracement back to lines seen in the last 2 days.
Resistance line breached by USD/CAD. This price has been tested at least twice before.
