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Wave analysis and forecast USDCAD: Downtrend continues.
Estimated pivot point is at the level of 1.3347.
Analysis: Supposedly, a descending impetus continues to develop within the 4-hour time frame in a form of the first wave i of C. Apparently, the third wave of junior level (iii) continues to form locally. If the presumption is correct, the pair will go on descending to the levels 1.3000 - 1.2964.
Estimated pivot point is at the level of 1.3347.
Analysis: Supposedly, a descending impetus continues to develop within the 4-hour time frame in a form of the first wave i of C. Apparently, the third wave of junior level (iii) continues to form locally. If the presumption is correct, the pair will go on descending to the levels 1.3000 - 1.2964.
