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Mihai_Iacob

UsdCad outlook

Short
U.S. Dollar / Canadian Dollar (FX:USDCAD)  
Mihai_Iacob  
FX:USDCAD   U.S. Dollar / Canadian Dollar
Trend Analysis Chart Patterns Technical Indicators USDCAD usdcadshort usdcadforecast
7
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trendanalysis chartpattern indicator usdcad usdcadshort usdcadforecast
On UsdCad we can speculate a rising wedge formed on H4. The trend line support of the pattern is broke and the pair could continue its fall.
First important support comes into place at 1.32, followed by 1.3150 and major support at 1.3050

Strategy:
Sell the market at 1.3230
SL @ 1.3310
TP @ 1.3050
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