Breakout of USDCAD - huge 1 month potential

٢ نوفمبر ٢٠١٦

USDCAD is about to confirm its breakout from the range it has been trading in since early May 2016. Confirmation is expected within days and 1 month potential - when confirmed - is above 300 pips. If it breaks the Stop Loss level of 1.32700 the next significant resistance is around 1.3100 and below that a test of the lower range of the upwards trend is expected.