USD.CAD coming in for a Landing: UC fined tuned targets

This is an update of my previous plot looking for 1.312x (click).

Yesterday was US Retails Sales and CAD CPI, forcing this cross down.
Today has another round of econ reports from both countries in 2 hours.
The velocity and momentum are still aimed lower, but watch the reports.

The Elliott wave plot is merely a GUESS from an EW simpleton.
But the Fibs and zones plotted are SOLID and will cuase reactions.
Behavior at each Fib is worth watching for signs of Strength/Weakness.

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Proceeding exactly per plan, with a bounce for wave 4 and now starting wave 5 hopefully

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Target hit, and then some

I had the current zone in light green as a possible support but not likely. oh well, looks like that was "the" one. Lets see if it makes the final push to my original target a 1.312

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Looks like a landing allright, as in drop might be done

As the week opens, it will be important to see what NY does on Monday.

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Comment:

Mission Accoplished: the Eagle has Landed

nice fib sequence of the last wave down.
That should be bottom at least until next Cad econ news on Tue (retail sales).

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