USDCAD seem to be undergoing a temporary correction of wave (iv), that may see some more choppy and overlapping price activity. The ideal zone for a new reversal to the downside is around the 38.2 or 50.0 Fibonacci ratio, from where bears may again move lower.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.