USDCAD – resistance line breached

Past performance is not an indicator of future results.
USDCAD has broken through the resistance line of a Channel Down technical chart pattern. Because we have seen it retrace from this position in the past, one should wait for confirmation of the breakout before trading. It has touched this line twice in the last 16 days and suggests a target line to be around 1.3315 within the next 3 days.

Opere Ahora