USDCAD broke the triangle and is heading for completion of wave 5. Price is already on the new highs in the last wave sequence. Potentially we see more short-term upside towards 1.3438 where we expect completion of the wave 5 larger degree and possible longer-term top for this pair. Again, we have a triangle formation on larger time frames which warns us that balancing powers are in play and that the current trend might soon come to an end.
USDCAD 4h Elliott Wave Analysis
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