Possible start of a bearish trend on USDCAD

USDCAD has broken through a line of 1.2860. If this breakout holds true, we could see the price of USDCAD heading towards 1.2773 within the next 3 days. But don’t be so quick to trade, it has tested this line numerous times in the past, so you should probably confirm the breakout before placing any trades.

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