Please Note: Blog posts are not selected, edited or screened by Seeking Alpha editors.

Elliott Wave Forecast For USDCAD: Corrective Pull-Back Going Complex

USDCAD unexpectedly moved lower yesterday, but still in sharp of a corrective movement, but more complex than on the first place. We are now observing a double zig-zag in progress which could find a bottom then around 1.0150/1.0180, close to 61.8% retracement area. From a larger perspective, trend remains bullish as long as 1.0013 is in place.

Don't miss out, Special offer for new members
FREE 7-DAY TRIAL

For more analysis visit us at http://www.ew-forecast.com/