USDCAD has been trading lower in the last couple of weeks but this can be changing now as decline from 1.2833 is counted in three waves, possibly a complete corrective set-back after recent strong impulsive recovery from 1.2386. As such, we expect more gains in sessions ahead, especially after wave 2 that could show up in the next 24-48 trading hours.
USDCAD 4h Elliott Wave Analysis

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