HomeContributorsTechnical AnalysisUSDCAD Trading In A Temporary Correction, Resistance Seen Around 1.3464/1.3496 Region

USDCAD Trading In A Temporary Correction, Resistance Seen Around 1.3464/1.3496 Region

Mar 24 17, 10:24 GMT

On the hourly chart of USDCAD, we see price undergoing a bigger three wave recovery A-B-C. Current intraday strength is part of final wave C, that may extend its gains towards the Fibonacci ratio of 61.8. Resistance may also be seen around the 1.3464/1.3496 region, where previous swing highs may act as turning points lower.

USDCAD, 1H

Stay udpated with our FREE Forex Newsletters

Download our Free Forex Ebook Collection

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

Trading forex, futures or futures options carries a high level of risk, and may not be suitable for all investors. The possibility exists that you could lose some or all of your initial investment; therefore you should not invest money that you cannot afford to lose. Our website and the information provided here should not be relied upon as a substitute for extensive independent research before making your investment decisions.

Latest Analysis

Fed Non-Event Gives Way to Higher Yields and Record Metals

Bessent’s Strong Dollar Talk Fails to Convince as Recovery Lacks Conviction

Dollar Breaches 1.2 Against Euro, Selloff Deepens as Trump Welcomes Weakness

Dollar Reprieve Fades as Risk Aversion Reasserts, Swiss Franc Jumps

Fed Non-Event Gives Way to Higher Yields and Record Metals

Bessent’s Strong Dollar Talk Fails to Convince as Recovery Lacks Conviction

Dollar Breaches 1.2 Against Euro, Selloff Deepens as Trump Welcomes Weakness

Dollar Reprieve Fades as Risk Aversion Reasserts, Swiss Franc Jumps

USDCAD Trading In A Temporary Correction, Resistance Seen Around 1.3464/1.3496 Region

Latest Analysis

Fed Non-Event Gives Way to Higher Yields and Record Metals

FOMC Meeting Went by Unnoticed

Meta Up, Microsoft Down Post-Earnings

Riksbank Expected to Keep Rates Unchanged

GBPUSD Extends Impulsive Move Higher; Elliott Wave Targets 1.39 and Beyond

Gold Stretches Rally Above $5,550, Key Supports To Watch

Learn Forex Trading

Reliable Ways to Prevent Yourself from Overthinking When Trading

Making use of a Trading Journal

Range Trading Explained

Taking Your First Live Forex Trade

How to Trade the Wedge Pattern Objectively?

Bitcoin Keys and Addresses: What you Need to Know