alicanuz

USD/CAD Technical Analysis

Short
alicanuz Updated   
FX:USDCAD   U.S. Dollar / Canadian Dollar
USD/CAD has been in a bearish move for some time and has been consolidating for a while and finally broke out of the rising wedge formation and retested the trendline. I expect a move to the previous low maybe a little bit more to the 1.2270 area where there is daily support.
Trade active:
SL revised to 1.2415
Trade closed: stop reached

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