Chart of the Day USDCAD

USDCAD rising wedge near the falling trendline

 

USDCAD is reaching the apex of a rising wedge near the strong upside resistance 1.3300 level. A daily close below 1.3240 is required for a breakout lower and a downside continuation. Now only a break above the 1.3330 could invalidate the downside extension. ARMAT trading system is neutral

Note: look for the short trade opportunities with a stop loss above 1.3300 

 

 

 

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