Here's an interesting setup in USD/CAD. The pair trades close to a rising trendline support, respected the 61.8% Fib retracement previously and is overall in an uptrend.
Zooming in into the 4-hour chart reveals a falling wedge pattern, which during price-corrections is a bullish sign.
The Canadian dollar is slightly underperforming for the day as oil prices are somewhat lower.
Join our Telegram channel for more updates: t.me/CommaFX
Zooming in into the 4-hour chart reveals a falling wedge pattern, which during price-corrections is a bullish sign.
The Canadian dollar is slightly underperforming for the day as oil prices are somewhat lower.
Join our Telegram channel for more updates: t.me/CommaFX
