I think we will see a rally in $USDCAD to take out the double top (two red 'x' above current price) before it starts it's real move down to take out all the stops ('x') below the market place. I would anticipate the high between May-July.
I am posting this for my own record. This is just how I am reading it and does not constitute trade advice.
Going to plan so far. It could still pop up again and take out the May 5 high. Time will tell...
Boom Boom :)
Still running to plan. Next stops to go are 1.12177 and then 1.19196