Aurum Markets Blog Technical Analysis USDCAD – psychological price line breached

USDCAD – psychological price line breached

USDCAD – psychological price line breached post thumbnail image

USDCAD has broken through a support line. It has touched this line numerous times in the last 13 days. This breakout shows a potential move to 1.4280 within the next 2 days. Because we have seen it retrace from this level in the past, one should wait for confirmation of the breakout.

Supported by Downward sloping Moving Average

Target: 1.428 Entry: 1.4364 Stop: 1.4478

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