USD/CAD - Top expected in the 1.4249 - 1.4277 area

USD/CAD - Top expected in the 1.4249 - 1.4277 area

USD/CAD has been in a relentless rally higher since the 0.9634 low in mid-September 2012, but it finally seems that a wave 3 is coming to an end in the 1.4249 - 1.4277 area. This area represents a cluster of resistance which is expected to mark the termination of wave 3 and set the stage for a larger correction in wave 4 wave towards 1.3458.

Short term, I will be looking for a test of the 1.4249 - 1.4277 area and expect a top within this area, for a break below support at 1.4048 that confirms the top is in place and a larger correction is unfolding towards 1.3458.  

Duane
2014-05-26
Great job this week!! Wish that I had more capital to capitalize on all of your great calls! The ones that I have managed to catch have been extremely profitable. I really appreciate you sharing you v...
Ananyavrat
2016-06-24
Hi Surfer,

Super calls !! And analysis.

Bravo for your brexit call !!
Whats next?

Ull need to update all indices!

Ananyavrat
Jonathan
2017-10-24
Your work is exceptional and glad I found you.