Elliott Wave Analysis: USDCAD Looking For More Weakness

USDCAD made a nice and sharp reversal lower into final wave 5 of 1) two days ago. Recent rally is the beginning of a corrective wave 2), with first leg A already completed. Now we are tracking second corrective wave B, and later wave C of 2). The ideal reversal zone for this correction is around the 50.0 or 61.8 Fibonacci ratio.