USD/CAD Trends Higher Into Wedge Resistance

The 30 minute USD/CAD has been rallying as prices traded within a Continuation Rising Wedge pattern.  As prices are rapidly running out of room to move within the bottleneck of this Continuation Rising Wedge an important area has been reached.

The uptrend support line (S) of the chart pattern is being tested at the 1.0560 level. It is currently the only factor preventing a breakdown.