Wave Analysis 16.03.2015 (USD/CAD)

FXTM Online Analysis Department.

USD CAD, “US Dollar vs Canadian Dollar”

It looks like an impulse inside wave 5 of (5) of [3] has been completely formed and reached a multi-month low. Nevertheless, most likely the price hasn’t finished its ascending movement and in the nearest future may continue growing.

Most likely, the market hasn’t finished wave 5 of (5) of [3] yet and in the nearest future may reach a new local high, at least one.