USDCAD Breakout and Potential Retrace

[kevin1]

Hey Traders, in tomorrow's trading session we are monitoring USDCAD for a buying opportunity around 1.40250 zone, USDCAD was trading in a downtrend and successfully managed to break it out. Currently is in a correction phase in which it is approaching the retrace area at 1.40250 support and resistance area.

[Abdul Khan]

Breakout looks solid, but a clean retest near 1.3650 could confirm direction.

[Rimon Khan]

Momentum traders are in control for now — waiting for retrace before re-entry.