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Edion_C
Aug 10, 2016 7:35 AM

USDCAD 1 HOUR Short

U.S. Dollar/Canadian DollarFXCM

Description

USDCAD back inside the wedge pattern from the daily chart. Yesterday price stalled at the resistance trendline of the wedge before closing below it, Which shows that this trendline is still relevant. Preferably a retest of this trendline would offer a more favorable short but an hourly close below 1.3050 may have to do. Crude oil inventories are being released today previous 1.4M expected -1.3M. This may help USDCAD move lower. Wait and see!!
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