Big movement expected on USD/CAD after a breach of 1.3235

USD/CAD has broken through a line of 1.3235 and suggests a possible movement to 1.3244 within the next 5 hours. It has tested this line numerous times in the past, so one should probably wait for a confirmation of this breakout before placing a trade. If the breakout doesn’t confirm, we could see a retracement back to lines seen in the last 22 hours.