USD/CAD has broken through a line of 1.2907 and suggests a possible movement to 1.3054 within the next 5 days. It has tested this line numerous times in the past, so one should wait for a confirmation of this breakout before taking any action. If the breakout doesn’t confirm, we could see a retracement back to lines seen in the last 39 days.
Big movement possible on USD/CAD after a breach of 1.2907
