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USDCAD Pattern and Price: Higher Over the Next Few Days

Discussion in 'Technical Analysis' started by ActionForex.com, Sep 2, 2008.

  1. ActionForex.com

    ActionForex.com Content Contributor

    Dec 24, 2007
    Likes Received:
    USDCAD is finishing a minor bullish retracement before resuming its bearish trajectory. Expect price to extend beyond the previous high to complete w.5:E (= the larger-timeframe W.4) in the 1.0760-1.0975 range. A bearish reversal lasting multiple days or even weeks should swiftly follow.

    complete article here...

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