USD/СAD: Wave Analysis and Forecast for 25.03 – 01.04
USD/СAD: Wave analysis and forecast for 25.03 – 01.04: The pair is likely to grow.
Estimated pivot point is at the level of 1.2914.
Our opinion: Buy the pair from correction above the level of 1.2914 with the target of 1.38.
Alternative scenario: Breakdown and consolidation of the price below the level of 1.2914 will enable the pair to continue decline to 1.2658.
Analysis: Presumably, the formation of the downward impetus has completed in the wave A. At the moment, it is likely that the upward correction is being developed as the wave B, within which the first wave a of B as an impetus is being developed. If this assumption is correct, in the short-term the pair will continue to rise to 1.38 – 1.40. Critical level for this scenario is 1.2914.
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