USD/CAD Aiming For 1.3400

 | Jul 25, 2016 10:42AM ET

USD/CAD is trading nicely higher above the 1.3200 mark, above which daily close will put more momentum in play for sessions ahead. Notice that we are observing an idea of new impulsive cycle that can take price up to 1.3400 area for big wave C (circled) if we consider that blue wave B (circled) is finally finished.

USD/CAD, 1H