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Trendsharks

Chance to Go Long at USDCAD's Next Dip

Long
U.S. Dollar / Canadian Dollar (OANDA:USDCAD)  
Trendsharks  
OANDA:USDCAD   U.S. Dollar / Canadian Dollar
Fibonacci Elliott Wave Support and Resistance USDCAD correction continuation
3
0
fibonacci elliottwaves supportandresistance usdcad correction continuation
The pair appears to be developing a massive 1-5 impulse wave pattern, as postulated by the Elliott Wave Theory.

The current correction could potentially bottom out around the 38.2 per cent Fibonacci retracement level at 1.23670 before the bullish momentum is resumed.
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