USD/CAD Breaks Above Key Arc Support
The US Dollar/Canadian Dollar exchange rate has broken above the 0.5 Resistance Arc in its current Arc Cycle, according to an analysis by FXStreet.
This breakout confirms a bullish shift in price structure and opens up potential for continued movement toward the next Resistance Arc at 1.4124 (0.618 Target Arc).
A sustained breakout above the 0.5 Resistance Arc would support continued movement towards this target, while a close back below the broken arc could weaken the scenario and shift the outlook.