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USDCAD: Temporary Pullback In View

U.S. Dollar / Canadian Dollar (FX:USDCAD)  
ew-forecast  
FX:USDCAD   U.S. Dollar / Canadian Dollar
USDCAD Elliott Wave correction impulsive
18
10
usdcad elliottwaves correction impulsive
We should be tracking USDCAD very closely today ahead of the BoC statement and rate decision. On the hourly chart we are looking at impulsive decline that can continue to around 1.2600 level, but would love to see a three wave retracement up into wave 4). Ideally any bounce will slow down at 1.2850-1.2920 area.

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Mentions

AdamFx42
A Head and Shoulders pattern targets below 1.26
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