FOREX: USDCAD Analysis 03-Nov-2017

CMP 1.2742

Sup: 1.2061/0.9406/0.9056
Res: 1.3793/1.4689

Have completed correction at 1.2061?

Note:
Guideline 3: After a 5-wave impulse advance, corrections (abc) usually end in the area of prior Wave 4 low.
Support zone: 1.2833-1.1919, Made low 1.2061 till now. If break 1.2061, we can see 1.1564, 1.1424, 1.0954.

Break of 1.4689, Long Term targets: 1.5876, 1.6460, 1.7404, 1.8724, 1.9875.

If 1.2061 is the end of correction, we can see 1.3301-1.3380, 1.3683-1.3793-1.3837 positionally.

Thanks.