The USDCAD broke out and retested the inverted H&S neckline that lined up with support level. . The price has also broken out the a-b-c zigzag corrective pattern CTL in wave (ii) with a five-wave impulse in wave "i." . To position ourselves in the bullish trend, we will wait for the price to make a three-wave retracement in wave "ii" of (iii) which is most likely to reach 50-61.8 Fib ratio that lined up with support level. . The projected target area for wave "iii" of (iii) is around 1.36508, and the entire wave (iii) "long-term target" is expected to terminate at 1.38080 area. . What's your view on USDCAD? Kindly let me know in the comment. . Best of luck on the chart! Veejahbee.