USD/CAD has broken major resistance, prepare to buy

The price has broken major support-turned-resistance at 1.2731 (horizontal overlap support, bullish Ichimoku cloud) and we expect to see a bullish acceleration from here to push price upwards towards 1.2908 resistance (Fibonacci extension, horizontal swing high resistance). RSI (34) sees an ascending support line hold up our bullish momentum really well while seeing strong resistance […]