Elliott Wave Analysis: USD/CAD Trading Towards 1.330 Region

On the 4h chart of USD/CAD we are tracking an ending diagonal where price seems to be headed higher now into a wave 5) of a blue wave C-circled. We know that each leg in an ending diagonal should be made by three subwaves, so current leg up from 1.3000 area can be subwave A so be aware of higher price moves after wave B pullback. Technically speaking we see USD/CAD headed up to 1.3300 region where we should be aware of a bearish turn.

USD/CAD, 4H

USD/CAD 4 Hourly Chart