USD/CAD Uptrend Should Continue After Retracement
The USD/CAD is holding steady above W L3 cam & 3/8 MM confluence. For continuation we need to see a 4h close above W L3 at 1.3255.
The price is rejecting W H3 and we currently see a retracement in uptrend. If the price gets to 1.3150-60 fresh buyers should appear and the pair could bounce. If we see a bounce, the main target should be 1.3255. Above 1.3255 watch for 1.3275 and 1.3305. Only a drop below 1.3100 will place the pair into neutral mode again.
For more daily wave analysis and updates, sign-up up to our ecs.LIVE channel.
Many green pips,
Nenad Kerkez aka Tarantula FX