Hoag
Long

USDCAD Elliottwave Technical Analysis: Bull will drag price

FX:USDCAD   U.S. Dollar/Canadian Dollar

Talking Points:


We are holding bullish count. We are expecting that this pair is in zig-zag correction in weekly time frame and targeting 1.36-1.37 region for pattern. As part of larger trend, we are tracking this 240min move. Current price is trading with bullish trendline and can have target above 1.35.

We have resistance on 1.3436. Break above this will expose to 1.3510 and above. While we have 1.3282 trendline support; breaking below and having daily close below this level hint reversal.
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