Update: The USDCAD breaches the resistance

The USDCAD pair rallied upwards strongly to breach 1.3240 level and approaches the expected positive target for the breach at 1.3362, to hint the turn of the intraday and short term track to the upside, noting that it is important to monitor the mentioned level, as breaching it will confirm the extension of the bullish wave to reach 1.3500 followed by 1.3612 areas on the near term basis, while holding against the current rally will force the price to decline again.