The pair is expected to grow

Supposedly, a bearish correction in a form of  fourth wave 4 is completed. Apparently, the first counter-trend wave in a form of a small impetus (i) is forming now. If this assumption is correct and the price does not break the critical level 1.1940, it's logical to expect the pair to rise to levels 1.2300 – 1.2600 – 1.2800

Trading tips

Buy the pair from corrections above a level of 1.1940 with a target at .2300 – 1.2600.

Alternative scenario

Breakout and consolidation below the level of 1.1940  will allow the pair to continue declining to the levels of 1.1800 – 1.1700.

USD/CAD: wave analysis

USD/CAD: wave analysis

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