USDCAD RISING WEDGE

7 thg 1, 2023

USDCAD has formed a Rising Wedge on its daily chart.
The price is trading below the EL: 1.35629 and below the Pivot5 Rising Wedge Floor.
The price on the Wed 4rd '23 has formed a (MSH) Market structure Hight taking the previous lows signaling a Short outcome for the pair.
Also the price on the Friday 6th Jan '23 session has supported the idea taking new lows.

Target1:
62%: 1.30121
79%: 1.29525

Target2:
127%: 1.27895
162%: 1.26685

7 thg 1, 2023

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7 thg 1, 2023

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7 thg 1, 2023

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11 thg 1, 2023

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12 thg 1, 2023

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After 2 Days of consolidation the price broke lower

13 thg 1, 2023

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UC finds resistances 1.34336

18 thg 1, 2023

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USDCAD Rejected the 1.34336 resistance.
the price should have next stop 100%: 1.32259

23 thg 1, 2023

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