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Elliott Wave Analysis: USDCAD Intra-Day View

Elliott Wave Financial Service
By Elliott Wave Financial Service

USDCAD is also seen in final stages of a corrective retracement, currently in subwave v of c), trading at 1.2660 resistance. A turn down from here in five waves back to 1.2510 will confirm a bearish turn for the pair. In fact, oil is also seen in a corrective set-back, so when uptrend will continue that’s when CAD may find buyers.

USDCAD, 1H

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