Trend is still bearish in four hours chart of USD/CAD currency pair. Important resistance is present at 1.3079 price level. Based on Elliott wave analysis, I expect a bullish break out in price above 1.3079 area. So, waiting for a bullish break out and then look for a buy trading chance in 4 hour time frame of USD/CAD currency pair. However; if price just keep moving down then I will stay out of the market and reanalyze the price action.
