The extent of the rally from 1.0782 almost assures that the entire decline from 1.3068 is complete. Additionally, the rally from 1.0782 has unfolded as an impulse. The count above (5 waves up that ended in a diagonal) along with RSI divergence favors a corrective decline prior to the next bull leg. Resistance begins at 1.1417. Interestingly, the short term count is a bit at odds with the more bearish counts for the EURUSD, AUDUSD, and NZDUSD (GBPUSD counts allows for some strength prior to next bear leg) so take a look at the CAD crosses.