USD/CAD: Is The Top Near?

 | Oct 25, 2013 09:06AM ET

Currently we are at 1.0439 at the end of the third wave. This is a two-part trade opportunity. 1) We are looking for a bullish continuation to the resistance area at 1.0469 and 2) the next target the R4 at 1.0503. The average daily true range (ATR) for the pair currently is 47 pips.