theforexportal

USDCAD looks to be headed lower

FX:USDCAD   U.S. Dollar / Canadian Dollar
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USDCAD is developing a wedge/flag pattern suggesting we could be moving sideways in the days and weeks to come.
The 1.3538 to 1.3594 area is still resistance and the rising trend line is holding the BEARS at bay.
With the TDI neutral across the board, this pair doesn't look to be going anywhere soon.

Trade idea
BUY at 1.3278
SELL at 1.3430 area
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