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HomeContributorsTechnical AnalysisUSDCAD Trading At The Start Of A Big Bearish Impulse

USDCAD Trading At The Start Of A Big Bearish Impulse

Elliott Wave Financial Service
By Elliott Wave Financial Service

USDCAD made a nice and sharp reversal lower into final wave 5 of 1) yesterday. Today’s rally is the beginning of a corrective wave 2), with first leg A in the making. The ideal reversal zone for the undergoing wave 2) is around the 50.0 or 61.8 Fibonacci ratio, from where bears may again push price lower.

USDCAD, 4H

Elliott Wave Financial Service
Elliott Wave Financial Servicehttp://www.ew-forecast.com/
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