USDCAD is also seen in final stages of a corrective retracement, currently in subwave v of c), trading at 1.2660 resistance. A turn down from here in five waves back to 1.2510 will confirm a bearish turn for the pair. In fact, oil is also seen in a corrective set-back, so when uptrend will continue that’s when CAD may find buyers.
USDCAD, 1H
