USD/СAD: Wave analysis and forecast for 05.08 – 12.08.

Forex analytics:Estimated pivot point is at the level of 1.3147. Our opinion: Sell the pair from correction below the level of 1.3147 with the target of 1.2858 – 1.2631. Alternative scenario: Breakdown and consolidation of the price above the level of 1.3147 will trigger further rise in the pair up to 1.33 – 1.34 or higher. Analysis: Presumably, the formation of the upward correction has completed in ...