Short-term Burst in Momentum May Develop

Short-term Burst in Momentum May Develop

USD/CAD could soon make a semi-sharp move once a wedge triggers on the 4-hr. If it triggers higher a squeeze could develop towards 12950, while a trigger to the downside is seen as bringing 12840 into play in short order.

For the full set of details, please see the video above…

USD/CAD Daily Chart

USD/CAD 4-hr Chart

usd/cad 4-hr chart

USD/CAD Charts by TradingView

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Originally Posted on: https://www.dailyfx.com/forex/technical/home/analysis/usd-cad/2021/11/30/USDCAD-Technical-Analysis-Short-term-Burst-in-Momentum-May-Develop-PRtech.html
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