USDCAD Rising Wedege

Hello Traders,

The USDCAD is pushing to the upside correctively for 45 days, forming a rising wedge.
This reversal pattern is telling us that correction will be soon over and the down trend will continue.

Best luck.

Omar NAMOUCHI

Comment:

One more wave is exptected on this paire,
today we sow a strong data one the US economy, so we will see new byers to came for the $,
The biger idea is not changed, USDCAD will correcte at some point.
Below you see on DXY the impulsive rise on $

Comment:

Finally we got the break down after a strong rally,
Right now the CAD is very weak against the $ and it's at the top.

Comment:

On 30 min TF the USDCAD is going through a flat corrective pattern ( ABC )
I'm expecting that the bearish momuntum will continu.