MassFx
Short

USDCAD - Potential Short

FX:USDCAD   U.S. Dollar/Canadian Dollar
Price on this pair is looks to be resting at a decision point. Will this level hold?

Potential short once price crosses 1.2820 level


Confluences for a short opportunity below:

- Rising wedge pattern which typically favors a break to the downside

- 38.2 retracement of the previous swing

Initial targets are at the base of the wedge with the opportunity to hold for extended targets which also lies at a -27 fib extension.
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