USDCAD is breaking above the falling wedge
USDCAD is breaking above the falling wedge resistance 1.2590. A break below 1.2540 is now needed to invalidate an upside reversal. This break could lead to an upside test of 1.2850. This is not changing the downtrend substantially. A complete reversal will happen on a break above the 1.2850.
Note – Look for the long trades with the stop loss below 1.2550
If you want to learn trading analysis and how to get to key trading levels like in this article register for Private Live mentoring with your trading evaluation.
Copy our trades!
