USD/CAD Continues Rising

USD/CAD continues rising and it will soon test the resistance level at the previous high at 1.3456. This is a crucial level, since the pair breaking above it would signify a confirmation of the continuation of the bullish trend. On the other hand, should the pair fail to break above that level, it will form a clear double top and then we can likely expect a significant move to the downside. I doubt either of these events will occur this week before the market closes, but next week we need to be on the lookout for major changes.