USD/CAD Breakout Opportunity

USD/CAD - Breakout Opportunity

Based on the 1 hour chart above, I'm watching the USD/CAD for a possible breakout to the topside. The CAD has been stuck in a range for several days now and looks prime for a move. Current floor is at 1.2190 and resistance is at 1.2350. Next couple of hours are important as it will lead me to believe in a USD rally. More to follow.