Home Forex Analysis And Forecasts Elliott Wave Analysis : USDCAD Continues To Move Higher

Elliott Wave Analysis : USDCAD Continues To Move Higher

USDCAD moved again to a new swing high after recent consolidation down to 1.3225 that we labeled it as wave (ii), so current leg up can be just a start of another strong bullish run that can lift prices even up to 1.3500 this month as we see big wave 3 in play from 1.3038 low. If we are correct then sharp break higher must occur soon, while 1.3224 support holds. Move beyond that level will indicate that blue wave (ii) is still underway. We still think that sooner or later price will break to new highs of 2015.

USDCAD, 4H

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