USD/CAD has broken through a resistance line of a Channel Down and suggests a possible movement to 1.3793 within the next 6 days. 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 28 days.
There is a possibility of a big movement on USD/CAD after a breach of the resistance
