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USD/CAD is recovering in impulsive fashion from the 1.295 lows, and is now unfolding five sub-waves within wave 3 that can face resistance and a temporary top near the Fibnacci ratio of 261.8 (1.333/1.336 zone), from where a temporary correction in wave 4 may start developing before a continuation higher for wave 5.
usdcad, 4h
USDCAD, 4h
Trade well,
The EW-Forecast team