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USDCAD Pattern and Price: Higher Over the Next Few Days

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#1 (permalink)

09-02-08, 09:38 PM

ActionForex.com ActionForex.com is offline

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USDCAD Pattern and Price: Higher Over the Next Few Days

USDCAD is finishing a minor bullish retracement before resuming its bearish trajectory. Expect price to extend beyond the previous high to complete w.5:E (= the larger-timeframe W.4) in the 1.0760-1.0975 range. A bearish reversal lasting multiple days or even weeks should swiftly follow.

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