A growth is expected.

Assumingly, the formation of an upward impetus within the third wave of the senior level (3) is nearing the end. Locally, a correction as the fourth wave (iv) has finished and the last fifth wave of the junior level (v) has started forming. If the assumption is correct, the pair continues growing to 1.3500. 

Trading tips

Buy the pair above the level of 1.3112 with the target at 1.3500

Alternative scenario

The breakdown and consolidation below the level of 1.3112 would allow the pair to decline to 1.2935.

USD/CAD: wave analysis

USD/CAD: wave analysis

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