USDCAD Elliott Wave Analysis: Bullish Reversal

USDCAD Elliott Wave Analysis: Bullish Reversal

4 August 2014, 10:51
Abdolreza Basirizadeh
0
147

USDCAD has finally turned bullish now after recent decisive break out of a downward channel. A break indicates a completed corrective decline from the high so we suspect that pair will stay bullish now and attach 1.1270 highs of the year. We are bullish now on USDCAD as long as 1.0614 stays in place.
USDCAD Daily Elliott Wave Analysis

 

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