Rising wedge, near resistance...RSI overbrought

U.S. Dollar / Canadian Dollar (FX:USDCAD)

FX:USDCAD U.S. Dollar / Canadian Dollar

USDCAD has been on a rampage and strongly bullish for some time now. It struggled with 1.3040 after multiple attempts, but since breaking it, it has shot up! As everyone hopefully knows in the FX world, nothing can go up forever...Although the overall trend looks bullish, I would be looking to short this market for a correction down. Potential retest of around 1.30ish

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