An upward trend in the pair has resumed.

Assumingly, a formation of an upward impulse in the fifth wave of the senior level within the daily timeframe has resumed. Locally, an impulse seems to be forming within the fifth wave of the junior level (v) of v of 5 with the target at 1.3624. If the assumption is correct and the price does not break down the critical level of 1.3284, the pair continues growing.

Trading tips

Buy the pair form corrections, above the level of 1.3284 with the target at 1.3624.

Alternative scenario

The breakdown and consolidation below the level of 1.3284 would allow the pair to continue declining to 1.3000.

USD/CAD: wave analysis

USD/CAD: wave analysis

USD/CAD: wave analysis

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