My Wave counts on USDCAD that were previously published indicate that USDCAD is in a short term cycle, doing a minor correction from 1.3435 highs.
We are still trading in the , however recent attempts at breaking highs were stopped at 1.3406. For that reason a case can be made for a or view.
A break of the levels indicated on the chart will provide future direction from the pair. At the moment, there is no strong signal and prefer to remain neutral.
Which means the ABC structure is bullish and expected to take out previous highs at 1.3435. Will post a buy setup if we get a pull back going into next week.
ucad is indeed :D a pain... and now many sellers targeting towards 1.31 if anyhow today ucad clears 1.3276... then i think next stop will be 1.311... lets see i am still bullish and holding now long deal from 1.3337...