Hey merchants! USDCAD has accomplished a 3-wave restoration towards the 1.41403 peak and reacted decrease as anticipated. On this technical article, we’ll take a quick have a look at the Elliott Wave outlook for USDCAD and description the important thing goal ranges
USDCAD Elliott Wave 1 Hour Chart 11.17.2025
Let’s check out the USDCAD Elliott Wave chart from November seventeenth, which we offered to members. The pair accomplished 5 waves within the cycle from the 1.41403 peak, which suggests additional draw back as soon as a 3-wave correction is completed. The approximate goal space for wave 2 sometimes falls inside the 50%–61.8% Fibonacci retracement, which on this case is available in at 1.4062–1.4080. From that zone, we count on additional weak point.
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USDCAD Elliott Wave 1 Hour Chart 11.19.2025
USDCAD accomplished a 3-wave restoration precisely on the 50% Fibonacci zone (1.4062) after which declined as anticipated. Ultimately, the pair broke beneath the earlier 1.3986 low, confirming that the following leg down is in progress. So long as the value stays beneath the B pink peak (1.4062), USDCAD is now concentrating on the 1.39024 space.
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