USD/CAD Technical Analysis: Rising wedge breakdown seen in 15-min chart

• The rising wedge breakdown, a bearish pattern,  seen in the USD/CAD 15-minute chart has opened the doors to a sell-off towards 1.3025 (target as per the measured height method).
• On the way lower, the pair may encounter support at 1.3092 - trendline sloping downwards from the June 27 low and July 20 low.
• The bullish outlook put forward by the falling channel breakout would be aborted if the currency pair closes below 1.301 (back inside the falling channel.

15-minute chart

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