The counter is on the brink of a long bull cycle.
After completing wave 1, it has formed a long ABC correction, which can be construed as wave 2.
Now, wave 3 is the longest wave of a cycle has commenced.
Also, the GDP numbers from Canada have been upbeat.
Hence, we expect the pair to be bullish in the near- and short-term.
After completing wave 1, it has formed a long ABC correction, which can be construed as wave 2.
Now, wave 3 is the longest wave of a cycle has commenced.
Also, the GDP numbers from Canada have been upbeat.
Hence, we expect the pair to be bullish in the near- and short-term.
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