Canadians

Charts courtesy of DT. Data provided by Reuters Data.


Both the charts are the daily USDCAD cross. As previously mentioned everything looks nice and in place for a 4-5.

The first chart shows a bounce up to .382 before doing a continuation and the overall picture shown by the second chart shows clusters for support. If we have a daily close beyond wave 1 then this is not a wave 4 as indicated by 1.618 and will still be a continuation of 3.

I mentioned a while back about shorting the AUDUSD and those that did would have made a nice profit within three days of me stating that as it moved down a couple of hundred pips. It is now retesting the highs again. From an aggressive stance this could be a possible short.

Good luck today.