USDCAD is seen trading in a bullish impulse, up from 1.315 region which can be labelled as a higher degree wave 3) in play. Wave three is an impulse and also the strongest one, so be prepared to see even more upside. At the moment we see price unfolding sub-wave 3) of three, which can look for resistance and a temporary high near the Fibonacci projection zone of 161.8/261.8. From the mentioned zones a pullback in three legs can follow, labelled as wave 4.
USDCAD, 4h
