USD/CAD in a bullish correction - Elliott wave analysis
|USDCAD is in a five-wave recovery up from January lows, unfolding a big, bullish impulse. Latest weakness which is unfolding can be only a temporary pullback within the bigger, bullish trend; a wave 4), which can look for support at the 1.40/1.38 zone. A strong recovery, and a break above the upper corrective channel line will be bullish for the pair.
USD/CAD, 4h
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