The price of USD/CAD in heading back to the support area. It is possible that it will struggle to break through it and move back in the other direction. The price may eventually break through, but typically the price retreats from the level a number of times before doing so.
Supports and resistances are primary concepts of technical analysis. USD/CAD is heading for an important price of 1.3542 – read about what this could mean for the future.
