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USDCAD Descending Triangle Pattern.

Short
U.S. Dollar / Canadian Dollar (OANDA:USDCAD)  
Fx_Trader_ViSa  
OANDA:USDCAD   U.S. Dollar / Canadian Dollar
Trend Analysis Harmonic Patterns Chart Patterns USDCAD dollar usdcadanalysis usdcadtrend Forex forexanalysis forexsignal Technical Analysis
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trendanalysis harmonicpatterns chartpattern usdcad dollar usdcadanalysis usdcadtrend forex forexanalysis forexsignal technicalanalysis
USDCAD is trading in Descending Triangle Pattern. It may face the resistance of the trend line after giving a good rally in preceding days. But it will not able to break the trend line and its pullback from the trend line resistance. So, we might see USDCAD may take support at minor support 1 and consolidate for time, or if it breaks that minor support, we may see further downside in USDCAD towards the support 2, as it is forming the descending triangle pattern.

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