USDCAD: Overbought Market & Pullback 🇺🇸🇨🇦

Short

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

OANDA:USDCAD U.S. Dollar / Canadian Dollar

Wedge Trend Lines Candlestick Analysis USDCAD DJ FXCM Index USD dollar canadiandollar CAD forecast trading Contains image

wedgepattern trendline candlestick usdcad usdollar usd dollar canadiandollar cad forecast trading containsimage

snapshot

USDCAD looks exhausted to me.
After a strong bullish movement, the pair formed a rising wedge pattern.
The support of the wedge was broken with a bearish engulfing candle.

It is an important sign of strength of the sellers.
A retracement is expected to 1.3789 / 1.3768

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