Potential exhaustion zone above on the basis of completing a fifth wave up. Expecting ABC correction. Could be attractive short opportunities on the way. I see a risk of this pair going higher than the zone in the short-term, before a long-term downtrend, so as always, you could look at other CAD pairs to see if the banks are looking to aggressively buy the canadian dollar any time soon...
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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.