The GBPCAD continues to hover above key support. It’s the same level I discussed on February 7th and again on Sunday. A rising broadening wedge like the one below hints at exhaustion from buyers. The concept is similar to a rising (narrowing) wedge, only this one isn’t a terminal pattern. However, as I mentioned on February 7th, GBPCAD bears need to secure a daily close below wedge support near 1.7200 first. Without that close, there is no short trade here. The GBPCAD uptrend is also very much intact as long as the pair is trading above that 1.7200 region. If you saw my recent posts on GBPCAD, you may be wondering ... (full story)