USDCAD made a break recently above 1.2826 level, which is now a confirmation that a three-wave correction from 1.3123 had ended and that now a new bullish continuation can be in progress. We see current strong recovery up from 1.2524 level as wave 1, which can see resistance around the 1.2941 level, from where a new temporary pause can show up.
USDCAD, 4h
