TRDVMA

USDCAD Analysis with a focus on minor timeframe

FX:USDCAD   U.S. Dollar/Canadian Dollar
27 1 1

15min chart below. Notice the wedge and volatility . The price will possibly turn lower, as there is no evident strength. Price is at the top line of the channel as shown on the chart. A possibility is even a retrace back to the lower channel line at around 1.27 levels. This I can not be sure, however I don't see any major breakout in the up direction at this moment, until somewhat the Oil             shows major drop or a surprise FED announcement. Longs shall wait, shorts may try quick in and outs. Good Trades
snapshot


here is the 15min chart
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