Higher Degree Correction On USD/CAD Completed; More Weakness In View
Gregor Horvat | Dec 09, 2016 05:31AM ET
On the USD/CAD we are looking at a possible reversal taking place now already trading in sub-wave 3 of three, after a top had been placed at the 1.3585 labeled as the end of a higher degree wave C-circled. As such our ending diagonal is now completed and more weakness may follow in weeks to come. At the meantime we can focus on intra-day pullbacks for a possibility to join the downtrend.
USD/CAD, 4h
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