It’s time to make a decision on USD/CAD – its recent breach of 1.3658 could be a sign of a new trend to follow.

USD/CAD - psychological price line breached
USD/CAD has broken through a line of 1.3658 and suggests a possible movement to 1.3589 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 16 days.

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