Greetings everyone~
Here’s the chart for the US dollar/Canadian dollar currency pair:
As expected, the USD/CAD is moving upwards. Its development will possibly continue to the lower boundary of the upward channel, which the price previously broke down and therefore, to say to make a retest. After reaching the target, the pair is expected to resume its downward movement because there is a possibility that it is already forming a bullish Wolfe and the development of which, happened in the 3rd wave of Wolfe. Thus, in the near future, a decline is expected in the 4th wave of Wolfe. Stochastic indicator, on the other hand, demonstrates an increase on the four-hour chart to support the upward movement of the pair. Due to this, we should wait for the development of the pair today