Trend is currently bearish in USD/CAD Currency pair in four hours time frame. Important resistance is present at 1.3073 price level. Based on Elliott wave principle, I still expect a bullish reversal in price of USD/CAD 4 hours chart. Patience is required at this point. So, wait for a bullish candlestick close above 1.3073 resistance level and then look for a buy trading chance. However; if price just keep falling lower then I will stay out of the market and reanalyze the price action.
