USDCAD: Sharp Wedge Keeping The Price Range In A Oscillation.

FX:USDCAD   U.S. Dollar / Canadian Dollar
Hello traders,

The inability of the pullback from the 1.31993, the pair trying to re-set the quote of 1.3040 but the sharp wedge keeping the price range in Downtrend. On a daily basis, the breaking through of 1.3000 and the 1.2960 are the confirmation checkpoints for the further downmove. In spite of the CAD refrain to respect to the mark 1.2925, the quote could visit the 1.2860 and the 1.2800.

On the contrary, a throwback reversal from the current trend may entertain the short term buyers at the 1.3090 and the 1.3110 before challenging the 1.3180 resistance. Whatever, the pair's break-through on 1.3180 resistance might highlight the quotes 1.3180 and the 1.3220.

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Happy trading.
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