Good morning traders,

USDCAD is still falling, and it broke perfectly below the lower trendline, connected from the 1.313 area, which put our second count from last week into action. We are now tracking a big wave C lower, which is an impulse and must unfold five legs, before we may see support and a bullish turn; wave iv correction can be next to unfold, before downtrend into wave C resumes.

USDCAD, 4h

USDCAD

 


 

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