The breakout of USDCAD through the 1.3666 price line is a breach of an important psychological price that is has tested numerous in the past. If this breakout persists, USDCAD could test 1.3626 within the next 2 days. One should always be cautious before placing a trade, wait for confirmation of the breakout.
USDCAD is currently testing a level of 1.3666. Will the breakout continue or will things reverse?
