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Chart of the Day:
USD/CAD found a top recently around the 1.0600 region, where a Long, black wave III) could found its highs. It looks as though there is a Short, corrective wave IV) already developing, which may drop down to 38.2% retracement zone of the wave III) distance, before an up-trend may continue.
Once wave IV) is complete, we will look for a higher wave V), which should complete the whole impulse structure of a red wave I. Another reversal will then be expected.
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TheLFB Charting: USD/CAD 4h view
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