What looks like it may be the first 5 leg accent from the lows on USDCAD may have formed. Our interest for the moment and from this sort of level remains to look for shorting opportunities but we will be conservative with any targeting, if we do take any shorts.
We may find support inside this 5 leg accent and if we do, we may be in to see more USD upside. We will have to wait probably until at least mid week next week to have stronger indications if this is happening.
We may find support inside this 5 leg accent and if we do, we may be in to see more USD upside. We will have to wait probably until at least mid week next week to have stronger indications if this is happening.