USDCAD - retracement then further to fall

Short

U.S. Dollar / Canadian Dollar (FX_IDC:USDCAD)

Updated

FX_IDC:USDCAD U.S. Dollar / Canadian Dollar

Purely based on an Elliott wave count I believe that the USD will continue to weaken against the Canadian dollar in the short term. Details on the chart. Targets for Y would depend on how far the current b wave goes.

Comment:

Looking very wrong at the moment on bad data out of Canada.

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