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USDCAD : Intraday View

Discussion in 'Forex Trading Signals & Forecasts' started by Sandra S., Jan 7, 2016.

  1. Sandra S.

    Sandra S. Forum Member

    Sep 1, 2015
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    USDCAD is strong as oil keeps falling. Pair moved up to 1.4170 where it touched 161.8% extension target for wave (iii) which is ideal ratio for a temporary reversal. As such, current pulback down can be a new correction now, ideally it's a wave (iv) that may retrace even back to 1.4060 before support is seen. We will again be looking higher after a three-wave set-back. USDCAD, 1H

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