USDCAD We now expect the end of the second wave that appeared corrected in the form of a flat wave, and we have a Fibo-reversal level of 70% of the first wave and 1.38% of wave B, which is a strong rebounding cluster level.
29/08/2022
The US dollar is now looking for an end to the wave (2) – which can extend its correction provided that the critical limit is not breached at 1.32239 – to form a 1 2 1 2 pattern, which indicates a drop with high selling momentum represented by the wave (3) of ((3)) which targets prices at 1.20070. provided that the critical limit is not breached at 1.32239.
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Come closer to the daily range, which we expect wave ((2)) to be ended and now wave ((3)) in its early stage, the alternate wave count here is that a leading diagonal in wave (A) has ended and the down movement is wave (B) of ((2)), and if the alternate wave count will work out, the price should go above the critical resistance which comes at 1.32239
03/09/2022
It is still trading within the framework of a corrective wave ((2)), which targets 50% retracement of wave ((1)) at 1.32785 , and it can extend to 61.8% retracement of wave ((1)), at 1.35991. provided that the critical limit at the peak wave ((1)) is not breached at 1.46680.
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Here in the weekly range, we are looking for wave ((2)) to end before going down in wave ((3)) of c, key level remains at 1.20070 and critical resistance at 1.46680
From the top of wave (III), we are looking for wave (IV) to be a flat correction, in which waves a and b have ended, and now wave c is in its early stage, critical resistance at 1.4668, a key level at 1.20070