USD/CAD Technical Outlook at Critical Juncture
USD/CAD flushed a level of resistance yesterday that dates back to the spring of 2020. Yesterday’s indecision candle suggests that we could soon see a sizable move. A breakout above 13855 or below 13714 should get a directional move some momentum. Traders should be on their toes as we head through the rest of the week.
See the video above for the full set of details.
USD/CAD Daily Chart
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---Written by Paul Robinson, Market Analyst
You can follow Paul on Twitter at @PaulRobinsonFX
DailyFX provides forex news and technical analysis on the trends that influence the global currency markets.