USDCAD has broken through a line of 1.3735 and suggests a possible movement to 1.3814 within the next 3 days. It has tested this line numerous times in the past, so one should wait for a confirmation of this breakout before taking any action. If the breakout doesn’t confirm, we could see a retracement back to lines seen in the last 19 days.
USDCAD has broken through a resistance line. It has touched this line numerous times in the last 19 days.
