Elliott wave Analysis: USDCAD and Crude oil
|Good morning traders,
USDCAD turned down in five waves from 1.3262 which means that pair is in new intraday bearish trend which is likely going to see lower prices after A-B-C bounce to 1.3200 resistance from where market may drop even to 1.3055 swing support from Nov 07. At the same time, we also see Crude oil in recovery mode within wave 4) that can be headed to 59.42 resistance by the end of the week.
USDCAD, 1h
Crude oil, 1h
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