Elliott Wave Analysis: USD/CHF and USD/CAD Intra-day Moves

Technical analysis of Forex market

Hello traders,

USDCHF is trading in an impulsive rise within wave 3, but we see some important Fibo. cluster around 1.0220 area, so watch out for a potential drop and slow down into a wave 4 correction soon.

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USDCAD is on the rise, away from 1.3333 intraday swing low where we called the end of a corrective set-back, so it appears that impulsive wave three is now in progress; ideally up to 1.3450 as our minimum upward objective.

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