USDCAD: BEARISH FORECAST 🐻

↪️ USDCAD was Trading in an uptrend, but the pair approached a strong daily structure resistance. The market formed a rising wedge pattern and a double top pattern. Both the neckline of a double top and a support line of the wedge were broken. Note that the pair holds lower ground at the weekly bottom as it extends the previous day’s fall amid a slightly upbeat risk profile and firmer Oil price, not to forget the sluggish US Dollar. The Loonie pair prints mild losses around 1.3565 by the press time of early Thursday morning in Europe. I'm expecting a correctional movement on the pair toward the target below... Trade safe 👍✅