USD/CAD has broken through a line of 1.3750 and suggests a possible movement to 1.3837 within the next 2 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 11 days.
Big movement possible on USD/CAD after a breach of 1.3750
