The USDCAD is pushing to the upside correctively for 45 days, forming a rising wedge. This reversal pattern is telling us that correction will be soon over and the down trend will continue.
Best luck.
Omar NAMOUCHI
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One more wave is exptected on this paire, today we sow a strong data one the US economy, so we will see new byers to came for the $, The biger idea is not changed, USDCAD will correcte at some point. Below you see on DXY the impulsive rise on $
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Finally we got the break down after a strong rally, Right now the CAD is very weak against the $ and it's at the top.
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On 30 min TF the USDCAD is going through a flat corrective pattern ( ABC ) I'm expecting that the bearish momuntum will continu.