Elliott Wave Analysis: USD/CAD Making A Drop Lower
Gregor Horvat | Aug 17, 2017 04:06AM ET
Good morning traders!
Today's focus will be on USD/CAD and its overnight development.
USD/CAD found sellers yesterday and this occurred exactly from 1.2766 swing and 38.2% Fib. level. We see sharp turning point to the downside, so we assume that wave 4) is finished and that price is headed lower into wave 5). If we are correct then you know that full recovery since July low should be fully retraced.
USD/CAD, 4H
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