Breach of important price line imminent by USDCAD

USDCAD is moving towards a line of 1.3601 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 USDCAD continues in its current trajectory, we may see it move towards 1.3601 within the next 2 days.

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