USD / CAD wave analysis and forecast at 23.03: The downtrend in force.
Estimated pivot point is at 1.3396.
Our view: We expect the completion of the correction, and to sell the pair below 1.3396 with the aim of 1.28-1.27.
Analysis: continuing reduction pair and appear smoothly transforms into a zigzag pulse. Locally, presumably, ends the third wave, and there is a possibility of an upward correction in the fourth wave. If the assumption is true, after the correction of the pair will continue to fall to around 1.28-1.27.
Estimated pivot point is at 1.3396.
Our view: We expect the completion of the correction, and to sell the pair below 1.3396 with the aim of 1.28-1.27.
Analysis: continuing reduction pair and appear smoothly transforms into a zigzag pulse. Locally, presumably, ends the third wave, and there is a possibility of an upward correction in the fourth wave. If the assumption is true, after the correction of the pair will continue to fall to around 1.28-1.27.
