7th of may usd/cad bearish setup.
USD/CAD has reached daily resistance zone (green). Price went on to make a rising wedge after with a retracement of 0.7 from previous HIGH at weekly resistance level (purple).
Price than consolidated for a bit ranging between 1.347 to 1.340 with price creating a new 4hr resistance zone (yellow).
Price than consolidated for a bit ranging between 1.347 to 1.340 with price creating a new 4hr resistance zone (yellow).