CAD hardly broke this descending wedge this week and finished this week right at support. The wonderful market left itself right here as the USD slumped a bit from resistance to finish the week.
We would look to short on a break and retest of the green zone. If we rally back into the wedge, I want to see what happens near that down trend line. A rejection would lead to another retest of the green zone or fail. Momentum through the trendline would certainly lead to a retest of the blue zone above.
We would look to short on a break and retest of the green zone. If we rally back into the wedge, I want to see what happens near that down trend line. A rejection would lead to another retest of the green zone or fail. Momentum through the trendline would certainly lead to a retest of the blue zone above.
