Minor USDCAD Trendline clearly broken

29 ott 2015Now the question is whether an ABC or 1-5 pattern is forming. All depends on Oil. Check my Oil analysis to see the Resistance zone. If Oil pierces this Resistance than more likely a 1-5 pattern will follow, if not we may see an ABC and continuation of USD/CAD in up direction. All depends on Oil. Currently I prefer to be on the side line until the direction reveals herself.