USDCAD - watch for correction up, probable target 1.407 - 1.426
As predicted in our April 22 post, the pair changed direction and corrected to the current levels. USDCAD is tracing wave C of a triangle that initiated in 2016. This wave is also subdivided in 3 waves (ABC). It now seems to have finished wave A down and it is starting wave B up. The most probable range for the correction is between 1.407 and 1.426. If price crosses dow 1.333 this analysis should be reviewed. FOLLOW SKYLINEPRO TO GETUPDATES.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.