USDCAD: Local Bearish Reversal 🇺🇸🇨🇦

Short

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

OANDA:USDCAD U.S. Dollar / Canadian Dollar

Double Top or Bottom Candlestick Analysis Wedge USDCAD DJ FXCM Index USD dollar canadiandollar swing swingtrading swingsignals swingtrader

doubletoporbottom candlestick wedgepattern usdcad usdollar usd dollar canadiandollar swing swingtrading swingsignals swingtrader

snapshot

USDCAD is trading within a huge rising wedge pattern on a daily time frame.

After a test of an upper boundary of the wedge, the price formed a double top formation
and violated its neckline yesterday.

We may expect a bearish movement to the support of the wedge now.

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