USD/CAD is heading towards a line of 1.2587. If this movement continues, the price of USD/CAD could test 1.2587 within the next 15 hours. But don’t be so quick to trade, it has tested this line numerous times in the past, so this movement could be short-lived and end up rebounding.
USD/CAD is approaching 1.2587. We expect either a breakout through this line, or a rebound.
