USDCAD has broken through the resistance line which it has tested twice in the past. We have seen it retrace from this line before, so one should wait for confirmation of the breakout before trading. If this new trend persists, a target level of around 1.3817 may materialize within the next 3 days.
USDCAD breakout from a Channel Down trade setup. Will it continue this trend to hit the target price?
