No meaningful TA here. Just an overview on the angle trends, price growth/loss during the past two quarters. General observation is that volatility grows each wave up, with the last correction volatility was highest, and the correction was significantly shorter than earlier corrections, though well within the range of correction, about halfway between the %...
You have my idea on USDCAD:
Monthly, Weekly and Daily chart all heading bearish. There isn't any need to go long this market !
Big player are in the market now as we have the 3*HTF momentum poised Bearishly
The short term target at 1.2600 seems viable traget... Biden in the white house doesn't help out the US dollar
Bearish momentum must continues...
Double bottom? A major wedge is broken? a decline from off Q3 close?
This doesn't look like a bearish price action, unlike the major consensus nowadays of anticipating a falling knife on EURUSD, i see something different here, yet, not confirmed. However, a move to 1.20 again is possible.