USD/CAD Targeting 1.43/1.45 zone – Elliott wave analysis

USD/CAD fully unfolded wave IV as part of a bigger, bullish cycle up from 2011 lows, and proceeded to trade into a wave V. Wave V is also an impulse, so be aware of five legs to the upside, with first wave 1 and 2 already completed. We can see wave 2 completed at the 1.294 level, from where a new rise started forming; ideally a wave 3, which can take price towards the 1.43/1.45 region.

USD/CAD, weekly

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