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Elliott wave analysis: USDCAD at support

Dólar Americano/Dólar Canadense (FX:USDCAD)  
ew-forecast  
FX:USDCAD   Dólar Americano/Dólar Canadense
Trend Analysis Chart Patterns Wave Analysis USDCAD USD CAD dollar Elliott Wave corrections impulsive impulse
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trendanalysis chartpattern waveanalysis usdcad usd cad dollar elliottwaves corrections impulsive impulse
Hello traders,

USDCAD is in a three-wave drop for a wave 4, a temporary pause within the bigger, bullish trend with possible support at the Fib. ratio of 38.2/50.0 (1.322/1.3185 zone). A sharp, and strong recovery towards the 1.332 high would suggest a wave 5 to be underway.

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