Elliott Wave Analysis: USD/CAD May See Even More Upside In Near-Term

 | Apr 20, 2017 09:48AM ET

USD/CAD may have already completed its three wave decline and recent sharp reversal from the 1.3219 level may be an indication for higher levels to follow and a possible five wave development to take place. Reason for a bullish view is a broken corrective channel and rise above wave B) swing high, which opens door for 1.3533.

USD/CAD, 4H