USD/CAD has broken through a resistance line of a Falling Wedge and suggests a possible movement to 1.3657 within the next 4 days. It has tested this line in the past, so one should probably wait for a confirmation of this breakout before taking action. If the breakout doesn’t confirm, we could see a retracement back to lines seen in the last 28 days.
Resistance line breached by USD/CAD. This price has been tested at least twice before.
