USDCAD Is Expected To Go Lower

Discussion in 'Forex Trading Signals & Forecasts' started by Sandra S., Oct 15, 2015.

  1. Sandra S.

    Sandra S. Forum Member

    Sep 1, 2015
    Likes Received:
    USDCAD is back at the lows after "fade" break above 1.3073 swing high, so it seems that recent sharp leg up was just a wave c) of a flat in wave (iv). If that's the case then current leg down is wave (v) of C that can then be looking for a low around 1.2850. We will be waiting on new impulsive turn up before we can start looking higher again. Break above 1.3076 will be needed for bulls. USDCAD, 4h

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