USDCAD finally broke out of rising wedge formation. However, the break happened in US session and didn't have enough momentum to push it further down. It has since formed a bear flag, with a consolidation range of about 30 pips, for 16 hours. This will likely break in the London Session.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.