Elliott Wave View Supporting Further Strength in USDCAD

USDCAD has broken above 11/29/2018 high (1.336) as well as above 6/27/2018 high (1.3386) creating incomplete bullish sequence

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USD/CAD Technical Analysis

Approaching Resistance level of 1.3333 identified at 04-Dec-21:00 2018

USD/CAD Technical Analysis

Approaching Support level of 1.3178 identified at 26-Nov-09:00 2018

USD/CAD Technical Analysis

Approaching Support level of 1.3151 identified at 21-Nov-22:00 2018

USD/CAD Technical Analysis

Broke through Resistance level of 1.3149 at 08-Nov-21:00 2018

USD/CAD Technical Analysis

Broke through Resistance level of 1.3149 at 08-Nov-21:00 2018

USD/CAD Technical Analysis

Broke through Resistance level of 1.2944 at 08-Oct-01:00 2018

USD/CAD Technical Analysis

Broke through Resistance level of 1.2832 at 03-Oct-10:00 2018

USD/CAD Technical Analysis

Approaching Support level of 1.2995 identified at 18-Sep-07:00 2018

Market Participants Betting on Nafta Deal between US and Canada

The Canadian Dollar strengthened to a two month high against US Dollar earlier this week. Market participants seem to bet on possible inclusion of Canada in a new