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USD/CAD: Temporary Correction In The Making

USD/CAD: Temporary Correction In The Making

Based on latest swings and substructure since late November we suspect that USD/CAD completed an extended wave three, so new corrective set-back is in play. We are tracking wave 4 retracement back to 1.3670-1.3780 area where support can be found next week. Ideally we will see another continuation leg up into wave 5 at the start of January.

USD/CAD, 4H

USD/CAD 4 Hourly Chart

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