The pair is greatly influenced by the constant changes in global risk sentiment as well as the policy of the central banks.
USD/CAD: bulls are making conditions
TP1 1.302 TP2 1.316 TP3 1.327
On the daily chart, USD/CAD bulls are trying to lead the pair out of 1.272-1.3 range within “spike and ledge”. If they succeed, advance towards 1.3270-1.3295 convergence area (127.2 and 200% targets of AB=CD) will likely continue.
On H1 of USD/CAD, bulls are in control of the situation. They managed to bring the pair to 161.8% target of AB=CD. If the pair retests support at 1.2920, it will be possible to buy the US dollar.
The market is likely going to continue declining. The main intraday target is the next support at 1.1526 - 1.1508...
Bullish Ichimoku Cloud with horizontal Senkou Span A and B; a golden cross of Tenkan-sen and Kijun-sen with horizontal lines; the market is under strong resistance and prices entered into the channel Tenkan-Kijun.
AUD/CAD falling inside impulse waves 3 and (C) Next sell target - 0…