If you followed our USDCAD posts you will learn a good lesson on how directional signals can come from a break of a pattern trading around a key round number.
In this case it was a break of a 12-day pivoit around 1.,42.
Now comes the test.
1.3950 is the target but 1.40, a key round num,ber level, stands in the way.
If broken, clear path to 1.3950 If it holds, then back above 1.4954-77 needed to postpone the risk.
(AT 4 hour chart)
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