Canadian Dollar Intraday Review

 

D6Y00-June-7-2016

 

Our Canadian dollar has also been in a roaring bullish move, which should have lots more upside to go. Just to be on the safe side, I used an “A” wave in Minor degree as a strong top, but this may have to get adjusted as time goes on. Of course, if the “A” wave top is a wave 1 then there would be lots more upside to go.  This will all depend on, if the end of this move creates a major spike to the upside with many inverted zigzags.  

Right now the CAD looks like it needs a correction, but not too big of a correction if this bullish cycle is set to continue. 

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