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Elliott Wave Analysis: USDCAD Pushing Higher

Elliott Wave Financial Service
By Elliott Wave Financial Service

USDCAD remains in an uptrend after another bounce from the trendline support connected from 1.2780 which may cause an acceleration higher this week as pair can be breaking up into wave three. If that’s the case then rise will continue this week towards 1.3300/1.3360 area. Any surprise to the downside and back below rising trendline will need an update on our count.

USDCAD, 4h

Elliott Wave Financial Service
Elliott Wave Financial Servicehttp://www.ew-forecast.com/
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