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.
