USDCAD has broken through a resistance line of a Inverse Head and Shoulders and suggests a possible movement to 1.3751 within the next 2 days. It has tested this line in the past, so one should probably wait for a confirmation of this breakout before taking action. If the breakout doesn’t confirm, we could see a retracement back to lines seen in the last 11 days.
USDCAD breakout from a Inverse Head and Shoulders trade setup. Will it continue this trend to hit the target price?
