Elliott Wave Analysis: USDCAD Trading In A Temporary Correction

USDCAD remains above 1.3262 low so pair is actually still trapped in a corrective price action ; we are looking at an A-B-C move that may still retest levels around 1.3440-1.3460 which appears to be an ideal resistance zone, so drop may show up later this week. On the other-hand strong fall and daily close below 1.3262 would be first evidence that correction is already finished.