USDCAD Forecast

Further upside can be expected from USDCAD but we should wait for a minor correction before considering the long direction as of yet. We can expect a classic A-B-C Zig-Zag correction.

The impulse pattern lasted longer than expected, with an extended wave 3 projected to about 2.618 Fibonacci levels.
Bearish PatternscorrectionElliott WaveimpulseZigzag

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