usd-cad-4hTrend is bullish in 4 hours chart of USD/CAD currency pair. Key support is present at 1.2951 price level. Based on Elliott wave count, price is probably going to drop to complete final wave e pattern. Next, expect a bullish leg, out of the triangle pattern. However; if price just keep going up or breaks below 1.2951 support level then I will stay out of the market and re-analyze the price action.

By FXOpen