TomProTrader

#USDCAD: Bulls Strong: Corrective/Impulse Rally To Be Seen!

FX:USDCAD   U.S. Dollar/Canadian Dollar
89 0 11
Traders,

The pair has supported on wedge structure/sideways support, and has seen clear bullish participation. Expecting a strong move up to the top of the wedge structure. If the pair breaks this level this could be a bullish impulse leg rather than a corrective rally. Looks as though structure will be broken due to poor Oil             prices, and this reinforces the technical momentum we can see in the trade.
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