usd-cad-fxiTrend is bullish in daily time frame of USD/CAD Currency pair. Strong key Support is present at 1.3012 price level.  Based on Elliott wave count, I do expect a bearish pull back. So as long as price stays above 1.3012 support level, we could look for a possible buy trade setup. However, if price breaks below 1.3012 support level then I am going to redo the analysis in USD/CAD daily chart.

By FXOpen