USDCAD Price at Decisive Zone, Potential Breakout

Price has been trading in the bearish channel since June of this year. Today, price move above the final resistance level of the channel trend. Nevertheless, price is still testing key resistance.

Trade Step-ups:

Bearish Reversal: Price rejects a bullish breakout. Look for a potential move all the way to final key support.

Bullish Breakout: Price breaks final resistance level of the chart. Look for consolidation above 1.311