USDCAD In a Wedge

05 Jun
2012

The USDCAD could be in the process of forming a wedge.  The pair has formed lower highs throughout the week with 1.0360 as its base.  Trend line resistance can be found at 1.0420.  Daily price resistance is a bit higher at 1.0450.  A break of 1.0360 could produce a test of 1.0310.

Sup  1.0360

Res  1.0420