OANDA:USDCAD   U.S. Dollar / Canadian Dollar
USDCAD remains in a very critical area as it stands in a weekly level with less momentum of bearish moves on weekly time frame, the market has been very corrective as it approached the key level( a corrective approach on a key level signals possible change in momentum), The market also formed a falling wedge pattern. I am looking forward to seeing the market breaking and closing above the identified level with a retest before taking any buying positions this week.
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.