FX:USDCAD U.S. Dollar/Canadian Dollar
After a freakish round from the USDCAD to create new 13 year highs. The bulls may be finally exhausted to allow the bears to take over for a while. Currently the pair sits at the level with oversold levels. I expect the pair to retrace at this level for a 5 wave retracement down to 1.39 levels.
Comment: As suspected, USDCAD followed a retracement and then reached lower lows.
Trade closed: target reached