USDCAD has finished its wave 4 correction at 1st resistance where the 38.2% fib retracement is and is ready to continue its impulsive wave 5 heading south. It could target towards our 1st support where the 61.8% fib extension is. The Ichimoku cloud is also showing signs of bearishness.
This analysis is provided as general market commentary and does not constitute investment advice. Past performance is not indicative of future results
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