USDCAD is on a bearish trend as Primary wave 3... the wave-count displayed is sub-wave 1&2 of wave 3...sub-wave 1 of wave 3 is formed by the impulsive waves which are 1,2,3,4&5...sub-wave 2 of wave 3 was formed by A,B&C which completed sub-wave 2 of wave3 now pair is expected to fall as sub-wave 3 of wave 3