UnknownUnicorn539464

USDCAD D1 correction/ascending wedge

FX:USDCAD   U.S. Dollar / Canadian Dollar
Ascending wedge after a 5 wave trend. What do you think of my analysis or the outcome? D1 price action is rather influenced by macroeconomics, which I'm not as familiar with as I should be. This is the reason why I mostly stick to the smaller ones. On the technical side, I'm expecting a breakout to the downside, but what do you think about the fundamental outlook?
Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.