Elliott Wave Bias - USD/CAD

The USDCAD is toying with me.  Having been convinced that an expanded flat was complete, I was proved wrong when the pair dropped below 10540.  However, I maintain a longer term bullish bias against 10223.  Support should be strong at 10415, which is former resistance and the 61.8% retracement.  It is also possible that the USDCAD will not make it to that level as the pair has found support at the former 4th wave zone.  Long term traders can establish longs against the January low but short term traders should await clarification of the near term picture. 

 

Bias: Flat