#USDCAD: Bulls Strong: Corrective/Impulse Rally To Be Seen!
Traders,
The pair has supported on wedge structure/sideways support, and has seen clear bullish participation. Expecting a strong move up to the top of the wedge structure. If the pair breaks this level this could be a bullish impulse leg rather than a corrective rally. Looks as though structure will be broken due to poor Oil prices, and this reinforces the technical momentum we can see in the trade.
The pair has supported on wedge structure/sideways support, and has seen clear bullish participation. Expecting a strong move up to the top of the wedge structure. If the pair breaks this level this could be a bullish impulse leg rather than a corrective rally. Looks as though structure will be broken due to poor Oil prices, and this reinforces the technical momentum we can see in the trade.
