USDCAD At Possible Support; Gains in View - Elliott wave Analysis

Hi traders,

Loonie is slow and it can be trading in another correction within uptrend. It's probably wave 2 of a lower degree that can find support around ideal 1.3000 level. So, for now we remain bullish as long as it's trading within channel range and above 1.2925 invalidation level. If anyone wants to go long, we strongly suggest to wait for a break above 1.3052 region.

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USDCAD, 1h

usdcad, intra