USDCAD developing an ascending wedge ahead of data today!

Intraday Update: Ahead of the Canadian retail sales the USDCAD may be developing an ascending wedge into a longer term 88% retracement. A move to 1.3890 may find resistance with support at 1.3830.

Ascending wedges are reversal patterns by default.
Beyond Technical AnalysisChart PatternsloonieTrend AnalysisUSDCAD

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