2 Feb 2015
USD/CAD has scope for a further move upwards – EWForecast
FXStreet (Barcelona) - Gregor Horvat of EW-Forecast, uses Elliott Wave Analysis to give the technical outlook for USD/CAD.
Key Quotes
“USDCAD is at new highs after another strong leg up last week so looks like that pair will move even higher in days ahead as we see pair in the middle of an extended wave three.”
“Pair is now testing our Fibonacci levels at 1.2700-1.2900 area where market could slow down for a larger retracement in coming fourth wave.”
Key Quotes
“USDCAD is at new highs after another strong leg up last week so looks like that pair will move even higher in days ahead as we see pair in the middle of an extended wave three.”
“Pair is now testing our Fibonacci levels at 1.2700-1.2900 area where market could slow down for a larger retracement in coming fourth wave.”