EverythingForex

USDCAD: 4HR Chart Showing FOMC move?

FX:USDCAD   Dolar A.S. / Dolar Kanada
There's not that much to show here other than what is my wave count. At the moment, prices are still in the wave iii of (3). And hasn't finished it just yet. It still should have another push up to go yet before we should see a relatively "small" retrace in a wave iv of v of (3). After it has finished this retrace of a wave iv. that wave v up COULD be triggered by the pending FOMC in 2 days. That should bring us up in a wave v of (v) of (3) and complete the larger wave (3). Then we should be seeing a substantial move down in a wave (4) of the larger degree.

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