Cabana Capitals Blog Technical Analysis USDCAD – support line broken at 2024-11-04T03:00:00.000Z

USDCAD – support line broken at 2024-11-04T03:00:00.000Z

USDCAD – support line broken at 2024-11-04T03:00:00.000Z post thumbnail image

The last 14 1 hour candles on USDCAD formed a Rising Wedge pattern and broken out through the pattern lines, indicating a possible bearish movement towards the price level of 1.3872.

Supported by Downward sloping Moving Average

Target: 1.3872 Entry: 1.391 Stop: 1.3959

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