USDCAD recovery in the making

Posted by ForexAnalytix on Nov 3, 2017 7:20:59 AM

Updated chart of USDCAD is showing us a three-wave recovery in the making, currently with wave C)/3) underway which may be headed up to 1.3000 important do or die level. If pair would break and even accelerate above that price region, then this is likely going to be wave 3) rather than end of a corrective A)-B)-C) rise. But in the short-term however, market is headed higher anyhow after minor black wave 4 pullback which may look for a base near 1.2740.

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Topics: Trading