Emerging Falling Wedge detected on USDCAD – the pattern is an emerging one and has not yet broken through resistance, but the price is expected to move up over the next few hours. The price at the time the pattern was found was 1.42689 and it is expected to move to 1.4236.
USDCAD is quickly approaching the support line of a Falling Wedge. We expect either a breakout through this line or a rebound.
