I used a pending short for the USDCAD
this afternoon but was not able to post it prior to NFP. However there will be another sell trade opportunity for those that aren't short yet. I showed an indicative wave count but key is that I will be looking for a bottom around 1.275. It is unclear yet for me whether this will be a 3 wave structure or 5 wave structure. Nevertheless bigger picture I expect this bearish
price action to be corrective and once we reach 1.275 area price should bottom for a test of at least 1.335.
Updates will follow