USDCAD- Critical Zone -1.3200-1.3206

FX:USDCAD   U.S. Dollar / Canadian Dollar
107 0 6
UCAD has a critical zone of 1.3200-1.3206

Incase it crosses above mentioned zone that will suggest that correction to the rally, which started from 1.2882 to 1.3235 in the form of A-B-C is done & UCAD should move up in coming session else it is open on downside till 1.3070 where C-wave             is divided in i-ii-iii-iv-& v-waves - currently running into "v"-wave of C-Wave            

Alternate Scenario- Going Above 1.3206 & sustaining above that critical zone will indicate that demand for dollar is more & an extended rally could follow next

Also, kindly check at your end to confirm.

Best Regards,
Abhishek H. Singh, CMT
India Regional Manager
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