On the hourly chart of USDCAD, we see price undergoing a bigger three wave recovery A-B-C. Current intraday strength is part of final wave C, that may extend its gains towards the Fibonacci ratio of 61.8. Resistance may also be seen around the 1.3464/1.3496 region, where previous swing highs may act as turning points lower.
USDCAD, 1H
