USDCAD shows a double zig-zag in play, currently moving into final phase of this correction. The reason for this count is a recent deep pullback to the lower trendline support which in fact caused a nice bounce so looks like that new high is in play. Ideally that’s going to be an impulsive wave c that can be targeting 1.3550/1.3600 area for a possible top.
The most interesting part of this count is also that, if everything goes as expected, a nice and sharp bearish breakdown may follow, which could take price well below the 1.327 level. Early evidences that a top, and a bearish continuation is here would be a sharp drop, in impulsive fashion (no overlaps).
USDCAD, 4h
