Canadian Dollar Bull Trend Ready to Resume (USDCAD Down)

[B]Commentary[/B]: There is no change to our outlook for the USDCAD as price is close to testing channel resistance.

We are expecting wave 4 to end this week (may already be complete). “Price is approaching potential channel resistance, which is just below 1.0800. We are looking for this correction to continue towards channel resistance before a 5th wave decline brings the USDCAD below 1.0548.”

[B]Strategy[/B]: None