USDCAD - Weekly Chart Analysis

Price Action: Neutral
Pattern: Rising wedge in corrective phase
Long-Term Momentum: Bullish
Short-Term Momentum: Bearish
Bias: Neutral
Action: Wait until price is trading above monthly resistance and trend resistance
Comments: Price can go either way in this structure. I would prefer that price break to the upside, but chances of that are similar to price breaking down. Will have to see what happen the next several weeks.