USDCAD could be heading towards the end of extension of wave 3(brown). That is, we expect to the 5-wave cycle(green) in wave 3(brown)to complete soon. Then we may see the pair correcting before a downtrend resumes. This wave count is valid as long as the pair is trading below 1.3537.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.