The pair USD/CAD is still likely to grow. Estimated pivot point is at a level of 1.3188.
Main scenario: long positions will be relevant from corrections above the level of 1.3188 with a target of 1.3349 – 1.3450.
Alternative scenario: Breakout and consolidation below the level of 1.3188 will allow the pair to continue declining to the levels of 1.3110 – 1.3040.
Analysis: Supposedly, a descending correction finished developing in the form of the second wave of senior level (2) and wave (3) is forming now on the D1 time frame. On the 4-hour time frame, a correction has finished…
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