takenkarathat
Long

USDCAD Long Term Prediction

FX:USDCAD   U.S. Dollar / Canadian Dollar
28 0 1
Based on the wedge we have here, I see UC             rising to the 50% and most likely 61.8% Fibonacci lines. As always, the pairs retrace back down. It's a catch 22 here. It could continue rising after hitting 61.8% or it could retrace back down and keep going toward 38.2%.
Either way, we will be going upwards close to 1.35000 and as fibs show, 1.35714 is our 50% line. The fibs are drawn based on the previous downtrend. Do I expect extension? Most likely. We'll see what the DXY             has in store for us given it is headed for a crash landing.
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