TRDVMA

Minor USDCAD Trendline clearly broken

FX:USDCAD   U.S. Dollar/Canadian Dollar
37 0 1
Now the question is whether an ABC or 1-5 pattern is forming. All depends on Oil             . Check my Oil             analysis to see the Resistance zone. If Oil             pierces this Resistance than more likely a 1-5 pattern will follow, if not we may see an ABC and continuation of USD/CAD             in up direction. All depends on Oil             . Currently I prefer to be on the side line until the direction reveals herself.
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