USDCAD : A Retracment Could Be Seen Next Week

Discussion in 'Forex Trading Signals & Forecasts' started by Sandra S., Dec 18, 2015.

  1. Sandra S.

    Sandra S. Forum Member

    Sep 1, 2015
    Likes Received:
    USDCAD keeps moving sharply higher without any real pullback, so it appears that wave 3 is still in play with much more extended structure than we thought. Based on latest swings and substructure since late November we suspect that USDCAD is now in wave (v) with wave 3, so new corrective set-back is still expected but seems like we will have to wait till next week. We will be looking for wave 4 retracement probably back 1.3620-1.3670 area after a completed wave 3 near 1.4 psychological

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