Friday, June 7, 2013

Elliott Wave Forecast for USDCAD: Corrective pull-back going complex

USDCAD unexpectedly moved lower yesterday, but still in sharp of a corrective movement, but more complex than on the first place. We are now observing a double zig-zag in progress which could find a bottom then around 1.0150/1.0180, close to 61.8% retracement area. From a larger perspective, trend remains bullish as long as 1.0013 is in place.

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