USDCAD Bullish Wedge At D L4 Camarilla
|The USD/CAD has rejected perfectly, following my previous USD/CAD analysis. However, at this point the pair is hitting the support zone made from the confluence of D L4, ATR Low and Wedge lower trend line. The price might reject from 1.2600 zone towards 1.2700-1.2715 POC (W L5, D H4, EMA89, ATR high). If we see a rejection and another entry within the POC zone the price should reject and break 1.2600 to the downside. However if we see a break below D L4 that will mean the failure of the bullish wedge and price should proceed towards 1.2550 without retracement to POC.
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