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USDCAD: Overbought Market & Pullback 🇺🇸🇨🇦

Short
Dollar Américain / Dollar Canadien (OANDA:USDCAD)  
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OANDA:USDCAD   Dollar Américain / Dollar Canadien
Wedge Trend Lines Candlestick Analysis USDCAD DJ FXCM Index USD dollar canadiandollar CAD forecast trading Contains image
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wedgepattern trendline candlestick usdcad usdollar usd dollar canadiandollar cad forecast trading containsimage
snapshot

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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