Yesterday USDCAD bounced from a confluence area and the psychological price of 1.30. It is a confluence of support of a descending channel (blue line) rising wedge (pink line) and the 61.8% fib (15th July low to 26th July high). Price is now back above the trendline of the wedge pattern from the daily chart (red line). US crude oil inventory figures are being released today at 15:30 (London time) Previous 1.7m Expected -1.6m