USD/CAD is moving towards a line of 1.3595 which it has tested numerous times in the past. We have seen it retrace from this position in the past, so at this stage it isn’t clear whether it will breach this price or rebound as it did before. If USD/CAD continues in its current trajectory, we may see it move towards 1.3595 within the next 3 days.
USD/CAD is approaching 1.3595. We expect either a breakout through this line, or a rebound.
