USD/CAD is heading towards a line of 1.3292. If this movement continues, we expect the price of USD/CAD to test 1.3292 within the next 2 days. 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 just like it did in the past.
USD/CAD is quickly approaching 1.3292. We expect either a breakout through this line, or a rebound.
