USD/CAD 240
USDCAD: 4 Hour cycle is bearish against 1/20 (1.469) while 1 hour cycle is bullish against 5/3 (1.2456). 15 minutes cycle is still bullish against 1/31 low (1.297) but expected to break below it. Near term, pair ended cycle from 5/5 peak at 1.316 and while dips stay above there, expect pair to bounce and correct cycle from 5/5 before turning lower again. I don’t like buying the proposed bounce
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