CAD, Canadian Dollar Daily Chart Wave Count Review

 

D6Y00-July-28-2016

 

I think that our Canadian dollar has had enough time to make a good correction, and it could be time for the CAD to turn. If so we are getting close to finishing a regular flat, that would suggest a pretty strong showing to come.   I will go with this 1-2 wave in Minor degree at this time, as this market has to prove itself, even though I know that traders’ commitments may be short the CAD. Everything looks good, but only time will tell, what pattern the next leg up will present to us.   

Sometimes the same type of pattern just implodes and then soars up higher again, so we should always be looking for the unexpected to happen. 

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