usd-cad-ReloadedTrend is bullish in USD/CAD currency pair in four hours time frame. I have closed my previous buy trade in USD/CAD with 40 pips profit. Now I am back again with another buy trading chance. Vital support is present at 1.2829 price level. Based on Elliott wave analysis, I expect price to move up towards 1.3475 price area in next coming trading days. However; a bearish break down in price below 1.2829 support level will end the up trend. In such case I will stay out of the market and re-analyze the price action of USD/CAD 4 hours chart.

By FXOpen