USD/CAD – Descending Wedge?

USD/CAD

Bearish: Currently we are at 1.2918 in a range and a descending wedge. We are looking for a continuation to the 0.786 Fibo at 1.2807 and then to the range bottom at 1.2742. Watch for the bounce there. The average daily true range (ATR) for the pair currently is 108 pips.

USD/CAD 60min Chart

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