USDCAD is back at the lows after "fade" break above 1.3073 swing high, so it seems that recent sharp leg up was just a wave c) of a flat in wave (iv). If that's the case then current leg down is wave (v) of C that can then be looking for a low around 1.2850. We will be waiting on new impulsive turn up before we can start looking higher again. Break above 1.3076 will be needed for bulls.
USDCAD, 4h
USDCAD, 4h
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