Chart of The Day $USDCAD 11-03-2016

On the USDCAD  daily chart we can see rectangle formed just above the upper wedge line. Break below 1.3350 would expose 1.3200 and 1.3000 level lower. Only a break above 1.3460 would open extension higher. Additionally there is a negative RSI divergence.

Happy trading! (click on the chart to enlarge it)

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