USDCAD is showing a falling wedge which is a sign of bullish continuation. We have 3 possible setups on USDCAD. Breakout setup would happen if wedge breaks 1250 upper confluence border. Second , if the price drops to 1.1195 price may initially jump to 1.1240 region and 1.1165 zone may be good for taking an entry at the bottom of the wedge. Look for price action around the wedge bottom, around the trendline and the possible break to the upside. If the wedge breaks it should target 1.1270 and 1.1310.
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