USD/CAD is heading towards a line of 1.2651. If this movement continues, the price of USD/CAD could test 1.2651 within the next 8 hours. But don’t be so quick to trade, it has tested this line numerous times in the past, so this movement could be short-lived and end up rebounding.
USD/CAD is approaching 1.2651. We expect either a breakout through this line, or a rebound.
