USDCAD could potentially be in its most powerful impulse upward. A move to the 1.600 area cannot be ruled out. A potential cup and handle breakout is in progress on the monthly chart, and an extension of (3) would put wave (5) in a key S/R zone.

Monthly C&H:
snapshot
Elliott WaveEWimpulsewaveusdcadlongUSD (US Dollar)

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