USDCAD: Overbought Market & Pullback 🇺🇸🇨🇦
USDCAD looks exhausted to me.
After a strong bullish movement, the pair formed a rising wedge pattern.
The support of the wedge was broken with a bearish engulfing candle.
It is an important sign of strength of the sellers.
A retracement is expected to 1.3789 / 1.3768
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