Good day traders. Hope everybody is ready for the weekend, but before that, lets check with our last update.
Today's focus is on the U.S. dollar/Canadian dollar (USD/CAD) currency pair, where we expect more upside to follow. We can see a nice and strong bullish reaction unfolding since September of 2017, with four of its major waves already fully visible. A current minor rally that is on the move can start at Red Wave 5), with a final wave within an impulse. We can see that support line served as a good region of support and pushed price higher. A break above the 1.2819 level would confirm a completed Wave 4) correction and more gains to be in progress towards the Fibonacci projection zone of 61.8.
Now switching to the U.S. dollar/Swiss franc (USD/CHF) currency pair chart. Here we also see price trading within a bullish impulse, with recently completed Wave 4). Current rally that is in progres can take price over the 0.9972 level, where we would get a confirmation for more gains to follow into final Wave 5).