USD/CAD may be trading in a correction of a higher degree, now in wave 4, that may ideally unfold as a simple three wave correction. That said current spike can be sub-wave b of 4, that may see limited upside a little above the wave 3 high. Afterward, a new drop into sub-wave c may follow, which may search for support around the 38.2 Fibonacci ratio.
USD/CAD, 1H
Related Posts
Trezor launches education initiative in Africa, funds Bitcoineta trip
U.S. Manufacturing PMI Collapses To 2 Year Low As New Orders, Employment Slow
Which States Get The Most Chinese Investment?
E
The View From Above Is Pretty Good
Ruble Tumbles On Medvedev Comments, UK Allegations As Russian Yields Surge- UBS Sees Capitulation As Hedge Fund Net Leverage Gets To 2009 Lows
Leave A Comment