USDCAD Wedge Formation

  • Resistance: 1.060
  • Support: 1.0550
  • As USDCAD price action continues to consolidate between 1.0600 and 1.0550, a symmetrical wedge is forming. The wedge indicates the pair is due for a volatile price breakout.


See Daily Technicals for more details:
http://www.dailyfx.com/story/dailyfx_reports/daily_technicals/British_Pound_and_Kiwi_at_1182168713222.html