Thursday, November 27, 2014

USD/CAD Elliott Wave Analysis

Although the greenback slipped after meeting resistance at 1.1369 and near term downside risk remains for the retreat from 1.1467 to bring retracement of recent upmove, reckon downside would be limited to 1.1135-40 (50% Fibonacci retracement of 1.0811-1.1467) and bring rebound later, a daily close above said resistance



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