USDCAD breakout possible today
Intraday Update: Ahead of the Bank of Canada rate decision today, the 
USDCAD is in a (bearish wedge) with key support at 1.3600, resistance at 1.3700. The market is divided on a cut or not, so a breakout of the wedge is possible, but a hold could allow for a slide back below the key 1.3600 support.
We should also mention, US services ISM is due out around the same time which could add to the directionality of the pair as well.
USDCAD is in a (bearish wedge) with key support at 1.3600, resistance at 1.3700. The market is divided on a cut or not, so a breakout of the wedge is possible, but a hold could allow for a slide back below the key 1.3600 support. We should also mention, US services ISM is due out around the same time which could add to the directionality of the pair as well.
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