USD/CAD is in a five-wave bearish move, down from 1.467 level, labeled as a higher degree wave C. At the moment we see price recovering on lower degree time frame charts, which suggests a wave 3) of an impulse to be completed at the latest lows, and wave 4) correction to be underway, with resistance at the 1.331 level, and at the lower trendline.

USD/CAD, daily

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