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
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element inside the element. This is probably not what you meant to do!
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
By: Paul Robinson