U.S. Dollar / Canadian Dollar

Short

USDCAD: Wedge Breakout & Bearish Continuation

By VasilyTrader

Updated

snapshot

Hey traders,

USDCAD started to fall from a horizontal daily structure resistance.

The price managed to break a support line of a rising wedge pattern, confirming the strength of the underlined resistance.

Now I expect a move to the downside.

Goals:
1.252
1.248

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Note

Check my new analysis on EURJPY:

EURJPY: Expecting a Pullback

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