Elliott Wave: USD/CAD Looks Higher
Gregor Horvat | Jun 15, 2018 11:23AM ET
USD/CAD is currently breaking above the upper channel line, which is a sign that more gains may follow on the pair. We are tracking wave iii) as part of a recovery, which can look for a temporary top and a reversal around the 1.323/1.325 region where Fibonacci ratio of 161.8 sits. From the mentioned area, a new temporary correction may follow, and can look for support near the 1.3119 swing low.
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