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chiefcapitalfx

7th of may usd/cad bearish setup.

Short
Dollar Américain / Dollar Canadien (OANDA:USDCAD)  
chiefcapitalfx  
OANDA:USDCAD   Dollar Américain / Dollar Canadien
Trend Analysis Chart Patterns USDCAD dollar caddollar Bearish Patterns Support and Resistance retracementlevels
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trendanalysis chartpattern usdcad dollar caddollar bearish supportandresistance retracementlevels
USD/CAD has reached daily resistance zone (green). Price went on to make a rising wedge after with a retracement of 0.7 from previous HIGH at weekly resistance level (purple).

Price than consolidated for a bit ranging between 1.347 to 1.340 with price creating a new 4hr resistance zone (yellow).

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