USD/CAD Н4 At the moment, the quotes have broken through the support level at 1.3590 and it looks very much like they are now consolidating below that level. Additionally, the south direction is supported by a moving average that is above the quotes and is providing resistance to the north. Therefore, it is clear that in order to move north, these resistances need to be overcome, preferably with a consolidation above. Once consolidated below this level, the pair can continue its southern path, with the support at 1.3524 most likely being the main target of the direction and they probably want to update it, so to speak. Well, we'll see what happens next.
