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SmithTradeSmart
Apr 15, 2020 8:59 AM

USDCAD 4H - Price Action Testing Descending Wedge Resistance  

U.S. Dollar/Canadian DollarFXCM

Description

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📢USDCAD 4H - Attempted Breakout / Potential Rejection

📈Price levels are currently testing the overhead resistance of the visible descending wedge chart pattern at 1.40050 that's been playing out over the last 3 weeks.

📊A break to the up-side with give a reason for buy positions over the coming days and weeks as momentum builds in favour of the bulls.
Comments
transparent-fx
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I will monitor it with you, with this view
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