USD/CAD has broken through a line of 1.3219 and suggests a possible movement to 1.3170 within the next 22 hours. 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 8 days.
USD/CAD has broken through a support line. It has touched this line numerous times in the last 8 days.
