USDCAD made a nice pullback into 1.2850-1.2900 area few days back where a corrective wave 4 might be completed after recent bounce from the channel support line connected from 1.2130 low. We see news highs coming with a black wave 5 that can reach levels around 1.3150 or maybe even 1.3250 if leg will be extended. Short-term swings are pointing higher as long as 1.2860 will hold.
USDCAD 4h Elliott Wave Analysis
usdcad elliott wave

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