The pair USD/CAD is still likely to grow. Estimated pivot point is at a level of 1.3104.
Main scenario: long positions will be relevant from corrections above the level of 1.3104 with a target of 1.3294 – 1.3360.
Alternative scenario: Breakout and consolidation below the level of 1.3104 will allow the pair to continue declining to the levels of 1.3012 – 1.2910.
Analysis: Supposedly, the descending correction finished developing on the D1time frame in the form of the second wave of senior level (2). On the H4 time-frame, the wave С of (2) finished developing as an impulse and the…
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