USDCAD is once again retesting a key horizontal resistance level at 1.3735. It has tested this level 4 times in the recent past and could simply bounce off like it did last time. However, after this many tries, maybe it’s ready to start a new trend.
Supported by Upward sloping Moving Average
Target: 1.3814 Entry: 1.3756 Stop: 1.3706

