USD/CAD is heading towards a line of 1.3393. If this movement continues, we expect the price of USD/CAD to test 1.3393 within the next 17 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 just like it did in the past.
USD/CAD is quickly approaching 1.3393. We expect either a breakout through this line, or a rebound.
