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USDCAD : Intraday View

Dollar A.S. / Dollar Kanada (FX:USDCAD)  
ew-forecast  
FX:USDCAD   Dollar A.S. / Dollar Kanada
USDCAD Elliott Wave correction impulsive
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usdcad elliottwaves correction impulsive
On USDCAD price turned sharply down last week, clearly in impulsive fashion which puts pair in bearish mode, even if just temporary. We expect more downside for sure, but will need a three wave bounce first up into a red wave B). Ideal zone for a new leg down will be around 1.4432 where former broken swing support can turn into a resistance.

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