USDCAD Chart Technical Outlook

USDCAD Chart Technical Outlook expecting further losses into tomorrow’s PCE data
USD/CAD – moving lower within the 5th wave of a bearish Elliott wave count. I have a target zone between 1.3591 and 1.3543. This is:

  • 1.3591, bespoke support
  • 1.3573, 261.8% fiboannci.
  • 1.3543, bespoke support.
    It should be noted that it is common practice for commodity-based crosses to extend to the 361.8% extension level. This is located at 1.3469.

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