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The Lonnie on the 4 hour chart seems moving in a ranging/sideways condition. We can confirm this through EMA 50 which moving flat as well walking through the body of barchart, but with the Bearish 123 pattern followed by a few bearish Ross Hook (RH), seller seems to start entering the USD/CAD, eventhough with the appearance of Descending Broadening Wedge pattern, then The Loonie still has the potential to correted to its strengthen above to the level 1,3508 and as long as those strengthening doesn't break above the level 1,3538, then USD/CAD has the potential to continue its weakness to the level 1,3412 and if this level successfully broken below and the momentum as well as the volatility is supporting, then it is not impossible USD/CAD will continue its weakness up to the level 1,3365.
(Disclaimer)
*The market analysis posted here is meant to increase your awareness, but not to give instructions to make a trade.
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