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    USD/CAD: wave analysis on 02.04.2015

    The uptrend continues and further growth is expected.

    Supposedly, the fifth wave v continues to develop within the third wave 3 of senior level. Apparently, the local bullish impetus in a form of wave (i) is completed and the local correction (ii) is nearing completion. If the assumption is correct, the pair will continue growth to a level of 1.3000 as part of third wave (iii). The level of 1.2550 is critical in this scenario as its breakdown will result in a further decline of the pair to a level of 1.2400. 

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