USDCAD is trading in wave 5 of C which is ending diagonal. A lot of confluence just above 1.3800 level:
- A = 1.618 C @ 1.3804 of expanded flat wave Z
- wave A (Q1 2016) 0.618 retracement @ 1.3835
- smaller tf fibo projections
I anticipate a little push higher to complete wave 5 of a diagonal before it reverse
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.