USD/CAD Recovering Sharply

USD/CAD is recovering in impulsive fashion from the 1.295 lows.

USD/CAD is recovering in impulsive fashion from the 1.295 lows and is now unfolding five sub-waves within wave 3 that can face resistance and a temporary top near the Fib. the ratio of 261.8 (1.333/1.336 zone), from where a temporary correction in wave 4 may start developing before a continuation higher for wave 5.

USD/CAD, 4h

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