FX.co ★ hickle.manuela | Comprehensive Analysis in Trading: Mastering Methodologies

Hello everyone! USDCAD. So far, the pair's growth has stalled at the NZ 1.3904-1.3923, just falling short of the monthly pivot resistance of 1.3925. But since they came close, it means the growth will clearly continue towards the target of 1.4034 along the ascending channel. However, on H1, I am missing another wave of a descending pullback "c", so I expect a decline to its minimum target of 1.3862, which will confirm the wave and then a decline to the target of 1.38024+- will most likely be met, or even to the target of 1.3772+-, and then a reversal for further growth. However, yesterday's closing was such that they could still move to around 1.3935+- and then decline, but I am not very confident in this scenario right now.