USD/CAD: Falling Wedge Remains a Longer-Term Bullish Signal
USD/CAD continues to grind lower towards the key low at 0.9954. While above this key low we see scope for a recovery higher.
Failure to stay above this key high will warn of a further extension lower towards the 0.9800 low. Back under 0.9800 will suggest an end to our bullish bias in this pair.
The falling wedge in the daily time frame remains a longer-term bullish signal.