Monday, February 4, 2013
#USDCAD #Elliottwave Intraday Outlook
If USD is ready to erase some of the recent losses against its rivals,
then USDCAD pair will be on our radar screen. Notice that pull-back from
1.0100 can be easily counted as a double zig-zag complex corrective
pattern. However, only impulses can confirm the bullish trend. As such,
we should patiently wait on rise (if any) back towards 1.0035 before we
can call end of a correction and look higher, back above 1.0100. This
confirmation might save you some pips, in case that pair won't turn
bullish.
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