USDCAD may have been trading in a potential flat correction of a higher degree within wave 4 or if that’s not the case, then in a new push higher within final wave 5.
Either way, more gains may follow towards the 1.2950 region, before a bigger three-wave reversal may start to unfold. In the case of a flat correction, former swing lows may be retested.
USDCAD, 1H
Travis Esquivel is an engineer, passionate soccer player and full-time dad. He enjoys writing about innovation and technology from time to time.
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