USD/CAD is heading towards a line of 1.3300. If this movement continues, the price of USD/CAD could test 1.3300 within the next 10 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 1.3300. We expect either a breakout through this line, or a rebound.
