There are internal extension targets to the 78.6% level--1.3328. But, we are looking for a near-term reversal pattern.
Below is a 4-hour view of USD/CAD. You can see it has retraced about 61.8% in what we believe is a corrective rally--minor Wave (c) of [ii]. Scope for more? Yes. There are internal extension targets to the 78.6% level--1.3328. But, we are looking for a near-term reversal pattern…
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