USDCAD – The bias still remains lower after the wedge breakout Short
U.S. Dollar/Canadian DollarFXCM
Description
⋅ FX:USDCAD
FOREXCOM:USDCAD
SAXO:USDCAD
Although USDCAD has posted two ‘Inside Days’ (which highlights indecision) there is no clear indication that the selloff is coming to an end.
Bearish expanding wedge on the weekly chart with a DeMark 13
Broken the wedge formation on the daily chart
Intraday chart is holding inside a corrective channel