USDCAD: MONTHY CHART

On this monthly chart, it is plain to see that the uptrend is continuing. It has just broke up past the .618 retrace level of the previous decline that it had been stuck at for sometime. Now that it has cleared that hurdle, the next fib level to target will be the .707 level at 1.40's. Of course, there will be the 1.40 round number psychological level to deal with but I think it will break that easily.

WAVE COUNT
The overall wave count has not changed since I started posting about this pair months ago. It is in an ABC corrective phase still and within that correction, it has been in a 5-wave wave (C) up for years now and still has a long way to go, IMO. But currently, we MAY BE seeing the ending of the wave (3) coming soon though and might see a wave (4) retrace.

PATTERN
A single dominant pattern is overseeing this correction: A POTENTIAL Bat. The completion of which should see the end of the wave (C) and the overall correction. But it should probably take another year or even 2 to complete.