USD/CAD has a decision to make!

17 May 2016

The USD/CAD has come back up to weekly and daily resistance of previous lows. It seems to have broken the daily downwards trendline. So the start of a new up trend could be possible. Notice the 4 hourly consolidation as the market decides what it will do. A breakout of this wedge could be a good trade opportunity in either direction, back to nex levels of support or resistance. Lets keep an eye on it!

Note: Please like this idea if you agree or post a comment if you have any other views or opinions id love to hear them. Thanks!