USD/CAD - 1.3288
Recent wave: Only wave v of c has ended at 0.9407 and wave C of major A-B-C correction is underway for headway to 1.4700
Trend: Near term up
Although the greenback has fallen again today and test of previous support at 1.3264 is likely, loss of near term downward momentum should prevent sharp fall how 1.3235-40 (61.8% Fibonacci retracement of 1.3056-1.3535) and reckon 1.3200 would hold on first testing, risk from there has increased for a rebound to take place soon.
In view of t…
Recent wave: Only wave v of c has ended at 0.9407 and wave C of major A-B-C correction is underway for headway to 1.4700
Trend: Near term up
Although the greenback has fallen again today and test of previous support at 1.3264 is likely, loss of near term downward momentum should prevent sharp fall how 1.3235-40 (61.8% Fibonacci retracement of 1.3056-1.3535) and reckon 1.3200 would hold on first testing, risk from there has increased for a rebound to take place soon.
In view of t…